chartwatchers
Long

GOLD - Jumping on the gold train

FX:XAUUSD   Gold / U.S. Dollar
7959 113 102
Yesterday we not just broke the red trendline but also printed a swing on the daily chart .
Today we made a higher high, so
I make the call : we are in the 2nd daily cycle.
In gold's intermediate cycles the 2nd daily cycle always the strongest one.

My advise to open the position and if we have a dip add to the position. In the 2nd daily cycle the pullbacks are small and rare. Next week we are going to break to new highs ( above 1376$). I think the stock markets will print a HCL             decline and that will help gold             to rally. And when the dollar starts to fall - it seems to be starting now - gold             will skyrocket.

No shorts from now it's going to be a big move up.

Comment: Pullback levels:
20 EMA (we are there right now) and 50 EMA
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Comment: Close to the 50 EMA.
BUYING
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Comment: It seems the pullback is done : we almost tagged the 50 EMA.
Hopefully surprise will come to the upside...
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Comment: Gold is forming a flag after BoJ.
Waiting for a break to the upside.
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Comment: Bull flag broken.
You get 3 very good entry points for the 2nd daily cycle.
I hope some of you have entered. It's going to be a wild ride above 1400.
I was adding at the bottom of the flag.
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Comment: I'm waiting for the dips to add.
But it seems we will have a daily maximum close.
Comment: IMPORTANT:
THIS IS THE SECOND DAILY CYCLE OF THIS INTERMEDIATE CYCLE.
It's always the strongest. We will break to new highs - above 1375 - next week.
This is not a daytrade. I'm going to close this position near to the end of August.
NO SHORTS. Only buying the dips.
Trade active: We have a tough week behind us. I will try to cover most of the markets on the weekend because next week we will have unique possibilities to ride especially in gold and hopefully in oil.
Next week I will be in Dubai and Abu Dhabi but will be watching all the market movements and will be posting.
Have a good weekend!
Comment: We have just broken the descending-wedge-flag consolidation.
The bull seems to be ready to really run.
snapshot
Thanks Arpi.....
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Great Apri, thanks for your update ans additional info!
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Thanks very much
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Dragonfly doji confirming as well in 4 hour chart.Go long :)
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Thanks for the update!
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At what level we should open the position ? do you think $ 1346 is the right level? because it breaks the previous resistance of June 2014
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20 EMA or 50 EMA
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RAMUFF chartwatchers
on the 4H chart?

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1 hr
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Thanks Apri, but I will wait for 1365-1370 to jump in. The smart money are still holding the shorts taken at the peaks the last 4 weeks and there are still reducing longs. I just can't see any train without the large specks. IMO the train is going down. GL to all of us!
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Thanks
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hello
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sir advice me whether stock markets will downfall or fly upwards i m confused
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In the next 2-3 weeks we should go up but might test back the breakout
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Thank you Apri but if the train is going down what is your SL?
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below 1310 I will stop out
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quite a bit of volume on that drop, and its overshot to 1335, pathetic small rally now, will wait for 50 EMA depending on price action....
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Thank you so so much Arpi :)
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Is it a good idea to buy nugt and gdx to long gold?
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xukaitan888 jinyuji210
buy JNUG, NUGT or GDX, I prefer 3X ones.
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These are miners. But yes if gold goes up these are going up as well.
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kj23ca15 chartwatchers
Do you think buying a put option of DUST is a also a good way to get in this ride? I know it's risky but DUST is kind of the one I am most familiar with.
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It could work but I 'v never tried options in DUST.
MIners wil rally in August
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kj23ca15 chartwatchers
Thanks man. :)
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Which gold price is this? When I use GC in ThinkorSwim (Dec 16 contracts), the low is 1341 in recent handle, but this chart hit 1338 it looks like?
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dmz dmz
*recent candle
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READY~ SIR
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Take a look at NGAS, it is rally again. So crazy.
Natural Gas rally again.
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Gold and Silver complete a bearish BAT pattern, so we can see Silver 19.99-18.40 even. What do you think buy it or wait it?
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Could you please post a picture with BAT?
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ArtFly pbartashevich
I'm sorry , but I am not be able to publish charts yet to TradingView...I'm a beginner in TraidingView
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pbartashevich PRO pbartashevich
Not saying anything but Gold/Silver ratio ABCD correction shows some unfinished business on pull back - it was too small.
snapshot
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ArtFly pbartashevich
Browsing TradingView I came across a similar idea but on silver.
Silver Just Complete a bearish BAT pattern
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ArtFly pbartashevich
Could bat fell?
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Arpi 1345 just a fakeout move i guess. I believe we still have a room to the downside
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Down trendline is broken , swing in place, if the DCL is not in and we go down more we are on day 43.
It's too late now to print a lower low
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Looks like every speculations are on the long boat now. The boat is too small maybe in the water soon. Just a guess ^^
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xukaitan888 Victor.Y.F
It is a big ship!
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It's a MAN-o-WAR!
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Victor.Y.F PRO chartwatchers
Boring market ...... I'll enter silver in Aguest low, really not a fan of speculations but sometimes we're all on the same boat. I think the etf as a big speculation are buying it up and commercial traders are balancing price now.
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how can u know that ?
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Know what?
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Arpi.... What about silver ? Same?
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same story
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The Gold train is coming off the rails, we have a complete bearish bat pattern and down channel....it will come down to a battle on the lower trendline, I still favour the bulls (just) but it could go either way and break downward trendline to sub 1312.
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Gold is running out of time. No undercut low below 1310
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Just an observation: publishing entry point immediately after a pop, doesn´t make much sense IMO...

P.S. I entered at 1332 yesterday, kept it overnight. Will add now
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chartwatchers PRO captain_smollett
Flag was published 5 hours ago
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Hi Arpi, many thanks for ur time and effort...got in @ entry point 1...nice profit and climbing.
cheers and regards
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So gold will retest 1345? Thanks.
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Awesome work here! Big days coming. I am full positioned in the last two days.
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Looks like bull flag breakout to upside
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USSRandolph USSRandolph
Maybe....
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Definetely.
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we should buy the pullback? or buy now?
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USSRandolph alanprotrader
If I weren't already in, I would do it now. But that's just me.
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Yeah try to get in we will buy every dip just as smartmoney.
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i entered now.
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USSRandolph alanprotrader
Good for you!
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Yes,sir. I feel we are on the flight rather than train
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It's a spaceship man.
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bertcoin PRO jinyuji210
Nailed it!
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may be a good re-enter at 1340-1344 if consolidates?. It may break the 1375 high
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For anyone who is not on the "Man-o-War" yet, this pullback is a good entry point too.
snapshot
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xukaitan888 xukaitan888
It looks like I have a good sense.
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8 from 10 pullbacks will be like this in the next 2 weeks
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I am entered but in Silver. I think it will go faster.
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chartwatchers PRO pbartashevich
You are cheating. Watching the gold-silver ratio?
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pbartashevich PRO chartwatchers
Yes. It may lag a couple of days but then it will catch up. Also open interest - money inflows better in Silver now. It looks cheaper historically now, so longer term I think it will be better.
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Playing NUGT. Wouldn't come down as well as gold flag, but similar entry times. Averaged $147.30. Running up well today. Thank you!
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I have just entered, thank you.
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Hi Apri, Is there a page where you explained how you see the cycles in market? Thanks
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Soon the webpage is ready. Tons of information will be there for subscribers.
Cycles for a lot of instruments, swing trades, trading rules, indicators.
Also with an application for "trade enter" signs. I see a lot of ppl are missing the entry points beacuse you cannot
be here whole day long. YOu get the notification on your iphone when we enter.
And you decide you are interested in or not.
I will continue my work here , but there will be posts everyday for all the instruments.
So you dont have to ask how do we stand in oil etc...
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mlwinter PRO chartwatchers
Brilliant! Thanks for your amazing work man!
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andrej123456 chartwatchers
''YOu get the notification on your iphone when we enter. '' Thats AWESOME ! Already in profit with XAU/USD :)
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Gold88 chartwatchers
Hi Arpi, Please post the website address when ready. Cheers!
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Dps chartwatchers
Will wait for it Apri..thnx
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Tenbears1979 chartwatchers
Link to your site?
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Apri you nail it! YOU Dot the
'i' and cross 't's like few others. Got in with the nugt added first dip with the golden space ship for short bursts.
Followed by a full load now long-term fleet of special gold mine ships.
Will buy you champagne when you visit South Africa!!
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Open interest is secondary to the price but watch it. As of yesterday money were still going out. I guess we still experiencing short covering. It can be a start for next wave but as a fact no new money coming into gold for now. Silver is better in this regard.

Gold:
Thursday: 563,612 change: -5,058
Wed: 568,670 change:-7,655 - FOMC
Tue: 576,325 change: -33,097
Mon: 609,422 change: +12,011

Silver:
Thursday: 222,909 -407
Wed: 223,316 change +5,017 FOMC
Tue: 218,299 change -2,013
Mon: 220,312 change -121

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