Honestly, every single recalculation shows one damn bull in the background.
If pyramid works out and gold drops it will lead to heavy buying afterward.
We have possible monthly breakouts, now the 2nd one with bullish accumulation target
1277 and 1304.
If we get a drop, buy gold .
I would not be surprised to see an extended leg up now around or above previous...
Like stated before building short positions with pyramid principle.
Aiming 1225-1220.
Earlier I mentioned 1256-1259, they are not valid. At MetalCruisers we were willing to add at 1253 on Wednesday, PA was weak and Gold reach 1253 only Thursday. But since I had some input issues and got wrong data we removed 1253 short entry :( thinking that 1256-1259 is a...
This chart is for test purposes.
Since 2015 when I was in latest quant maths trading seminars in Iran I was given materials for study about Numerical continuation ( Continuation Algo )
In Numerical Continuation phase you can analyze only so-called parametric family
We have two who can be counted in this family and they are Gold and Dollar.
Since 2015 I have...
My buys from 1200ish are closed since gold finally reach our target.
Let me shake your hand we made it all together.
But gold left bearish accumulation signs earlier.
If you remember this idea:
Did gold reach at least 1225? Answer is no. Furthermore XO recalculations show stable Dollar Resistance and Gold support difference and now enters the state of...
Gold is bullish, and very bullish.
But I still want to see downside, yes I know that is what I want unfortunately market doesn't give a fifth of a half eaten brownie about what I want.
I don't suggest to sell, I do suggest to add to buys if we get the drop!
In March gold had two PV targets 1198 and 1304.
Once new month started it went down straight to 1198 deleting it from sight.
( I did not expect it to do it anyway, just stating it after deeper analysis )
I do think it can tag 1304xx during March, that would be normal based on behavior and pivotal sentiments.
Are we reaching 1247? Yes 1247 is what I feel safe...
Monday is looking like a bear for correction.
But be carefull because this will be called - stealing money from Bull.!
So let's steal some and continue up again!
Just an informative chart for followers.
Some were asking why there was no spike downwards like normaly it should be, and why there is yet to be any pullback / correction.
Because too heavy shorts were in the gold and too heavy longs in dollar.
Checked with one of Bankers that I know who is working with largest banks in the world ( not saying the source ),...
As long as 1223 holds intraday gold is ready for 1240-1247.
If not then a correction to 1214. Keep in mind if 1223 is broken downward by 1$ then gold is to reach 1214, if not today then Monday, but 1214 become target anyway.
So watch for up move anywhere above 1223 or break it and go down.
Gold has really been falling of a cliff this past week or so, with very little in the way of a pullback (for short entry) since the break of the bullish trend line around the $1230's area.
I know I have posted a few potential set ups where Gold could have pulled back for entry, but unfortunately they did not play out - which is not a problem, as we would not have...
Sick and tired of awaiting this day.
Gold is just not moving.
Finally the FOMC day is ON, and finally gold can reach 1247, the bullish accumulation sign it left.
And maybe higher.
Thanks God this will be over and afterwards normal gold movement daily in play.
Take care bro's
for almost two weeks we have been on a bearish trend with gold with the low from last Friday at 1195. ever since then we have been making higher lows as well as lower highs but it looks to be setting up for a bullish reversal and break out which will occur today. this doesn't mean it can't go bearish which it could still continue but I'm looking for a break above...
Wasup, do we still look up?
Yes, nothing have changed on my radar.
What was the red area in your last chart indicating?
Red zone is a zone where I was adding buys ( pyramid principle ), and daily close below this red area is where I start to hedge.
Since we did not have daily close below it I did not hedge because I don't need to.
My entries...
