GOLd /500oz swing / Small Sell?

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Hello Guys and Girls.
This is the week I been waiting for, just because it will be one of the most profitable weeks in long time.
Wednesday We will be turning on High Frequency Robot before FOMC and I will be opening positions right before the EVENT.

Let's take a look at Monday.
In last Ideas I said wave 6 has turned in our Favour.

Wave 6 TP1 is 1305, meanwhile wave 5 50% level is 1303. Now they two come together to suggest possible turning point. And just in case there is Second one. But anyway wave 6 now is very strong in Bull favour!

Although for Monday I am suggesting to go on Sell from 1311.
It is market heading point, it is MID point from Swing area.
But be ready for Gold             to turn around at any time, and if you are Biased for Sell long time, you should re-think your investing.

There is one point that is CRITICAL and if Gold             breaks it I will think before I enter Buy then.

But while New static cycle is not entered these are the targets Gold             should see till the end of this year!
They become invalid if 1290 broken.

I will be looking for sell from 1311.
But be cautious, when Gold             Pops, you won't be able to react on that as it will be fast. ( Based on market behaviour and static cycles given to me )

Trade with Care.
And be ready for Wednesday, I will be going live on Periscope and Calling the Dirrection minutes before FOMC even happens, although This time it is more than sure it will be long against USD, but who knows what cann             happen, that;s why to be sure we use HFTM.

Comment: Don't Forget to leave bad comment, call names, be smart, unfollow, and Dislike this Idea. I am talking with Holly Grails here. We have a lot of them...
Comment: Sell at 1311 has been entered.
TP 1303.
Comment: For those who don't have to hedge, and are pain free, I suggest you to not take this sell. But wait for clear long signal.
But still it should go lower.. Decide yourself guys!
Comment: HEDGE sell TP moved to 1305 from 1303..
No more longs waiting down there, I have enough Long positions.. just waiting to get in profit..
Before FOMC Gold can be tricky.. Expect spikes back and forth.. It has to kick out and stop out as many as it can, before the big move either up either down..
Comment: Price just hit the 2nd point from MHI and stoped there.
Now we could see Gold reaching Towards daily level, that works just like MHI.
The thing is, Current swirl is at the same place where wave 6 sell Pivot H is.. If this region is not broken upwards, no hope for daily bulls.
Let's see how this develops.. while not above Current Swirl, it is Bearish.
Comment: LOL. Heading towards daily Reached while typing.
Let's see what happens now.
This point had to be reached as it is every day " Heading towards daily " the name says it... Let's see what happens now.
Test current swirl? Go downn?
Comment: Okay, we may complete AFT section Buy signal.
1315.. Pivot H from Bear teritory..
1316 current swirl ( swing H on daily )..
Down from there?
Still no hope while 1316 not broken..
Still Holding Hedge sell open.
Comment: About to tag Buy TP, and current swirl level.
If your trading setup is suggesting Sell you can do that after this is tagged.
Either we break out to daily bull zone, either we go down again from now on.
Comment: Buy TP and current swirl hit... Mr, GOLD... now you decide.. there is a bull zone above swirl, or bear zone under it.. Please lead us where you want to go!
Thank you!
Comment: I entered one more hedge sell smaller risk here. I just don't believe it is that easy.. Taking a nap.
Take care guys.. see you later!
Comment: Boring day... No big change in H L C what means the same levels remain for tomorow, while some minor changes.! Let's see.
Thanks for sharing this graph.
I'll wait your update before placing the buy this week man.
TheZabisyu albertwt
Yes, I can't wait to turn HF on and see what it gives before FOMC!! oh my...
+2 Reply
Hello, Excellent approach. Really fantastic analytics. Believe you are the best trader in Gold here. Wish you a huge profits and really joy and happy in a life.
Could you look at this setup ( What do you think about it? I am waiting for it for a long time. Have had dreams to see it this week but seems like Gold is in a Flat now. Seems like not all the dreams comes true. But anyway, will see soon. Good luck to all of your trades and best wishes from my side.
TheZabisyu FreshOilTrader
I am good at Daily swing trading, not so good at predicting large long term movements, man. I found Daily swing trading more profitable than Long term Position trading, and waiting for some targets to be reached.
Your target's are good, wait for FOMC and let's see. FOMC will ge fresh Midterm direction to USD, maybe after FOMC getting out of LONGs will not be a good IDEa, and we can hold them Longer. Cheers man.
ak47 reloaded! hahaha...
TheZabisyu Motosierra
Ye have some fresh bullets man! :D
Hey Mosh, I'll be looking forward for your update on Wednesday. Though I have a question for you. I've seen a certain action over and over again in the past. Right before the news/data/announcement we see a sudden change in price. Let's say price is going sideways around 1325, 30 seconds or something before the event, price suddenly goes up to 1330-1335, and then pulls back to 1315-1320. After that news come, it generally goes up again for 1335+... So when your HF signal tells you to long, you share it and we long. In just a few seconds we take a 10-dollar profit there and immediately selling at that point seems weirdly logical. Do you have any similar experience and what do you recommend to do during such moments?
TheZabisyu CagatayCetin
Don't generalize things. It is not always happening. It can spike, you take that 10$ profit and sell it if you wan't, but there are news when if I say let's say LONG, it can go long, long, long, without turning around.
For example on this FOMC event I will not be working with TP level. If it will be long by HF machine, I will consider keeping the position open not for 10$ move but more.
TheZabisyu CagatayCetin
NFP events are very stable. If it goes long it goes long without turning around, same with short.. 95% of cases.
CagatayCetin TheZabisyu
Cool man, thanks for clearing that up for me. I don't know your HF machine's algorithm but I assume it uses some combined data from price, volume, relative strength, etc... So I think it is actually reflecting the market's general tendency right before the event. Let's assume you long it but the news come with a great big surprise of a rate hike (changing it from 0,50% to 0,75%). It is not likely to happen but I just wonder what if. You won't be able to react in time while the price is dropping like Niagara and servers can't process your orders immediately, so where would you keep your sell stop?
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