the Vwap Since July 19 till now represent (-) negative money flow while the Price Action broke down and closed below vwap then stuck under the level 2-3 days(Green Circle). TCtrader Trend AlignmentBlue line 40 weeks period Benchmark forescast(Blue circles) that it will pass through the baseline(orange line) in the near term,The Momentum shifted to lower gear....
Since late August Price Action start getting Higher High but the momentum shift to lower gear the weakness of momentum followed by crossed under weekly ,4-week and 10-week period's benchmark consecutively (as Green ,Red and Blue arrow shown on Above Panel). In contrast, the index price remains stuck under the moving average of previous 4 weeks. Take advantage...
Decreasing momentum(TCtrader Trend Alignment indicator above window), shift to the next lower gear showed bearish divergence(Blue Arrow). Also abnormal Price Action broken the range multiple time since anchored vwap by early August, All three green circles represent the unusal false breaks(reversal pattern of the price). TCtrader Trend Alignment is Technical...
Price action and steepness for 10 week which primary trend make LL show bearish divergence with 40 week trend on crossunder it's average steepness
Area high volume Now become resistance Also price action LL breach to area from last may (white line) vwap
We see the lose of momentum a few weeks ago now the sellers gains some control which mean average participants who get involved average cost since prior lower now long holder is not ok they're getting selling pressure and now when the price is getting back to their break-even and lead to further decline on price to level of interest around 77ish and then we will...
Momentum has been reduced for last 50 trading day. it shows the weakness of the uptrend and then price might broken down below grey line represent the average particpiant for the last 100 days price average. Buyers should hurt and when it come back to break-even zone for the buyers want to sell more which is pressure the price to go down even more
The characterized as "Spring". It is called so because it has the energy of a compressed spring. Very often is a predisposition to "Impact Trend". The pattern "Spring" has a strong accumulation of the volume at a low price volatility. Location necessarily near the border of the channel or important levels.
Mid range my bias toward price of gold is uptrend because confirmation on 12/12/2016 confirm the down trend is over. Now gold is developing triangle or Apex between range @50% fibo ( swing trade setup)
Waitng for AU market opening and news on Private Capital Expenditure q/q 1:30 after then make a decison Reason to order looking in 1hr chart or 4hr or double buttom with bullish engulfing candle
waiting for agressive entry bearishengulfing 1st target at most previously support structure
history doesn"t repeat just rhythm
Bat Advance pattern(Invalid!!!) because it broke out descending channel
Thai Trader translation
Gold going to hike to 134x after that sharply decline to to retest 1322 and 1300 to take profit of shorts high price between 1.618(1344.55) or 1.272 (1339.81) thai trader