chartwatchers
Long

GOLD - Jumping on the gold train

FX:XAUUSD   Gold/U.S. Dollar
7940 113 101
7 months ago
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.

7 months ago
Comment: Pullback levels:
20 EMA (we are there right now) and 50 EMA
snapshot
7 months ago
Comment: Close to the 50 EMA.
BUYING
snapshot
7 months ago
Comment: It seems the pullback is done : we almost tagged the 50 EMA.
Hopefully surprise will come to the upside...
snapshot
7 months ago
Comment: Gold is forming a flag after BoJ.
Waiting for a break to the upside.
snapshot
7 months ago
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.
snapshot
7 months ago
Comment: I'm waiting for the dips to add.
But it seems we will have a daily maximum close.
7 months ago
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.
7 months ago
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!
7 months ago
Comment: We have just broken the descending-wedge-flag consolidation.
The bull seems to be ready to really run.
snapshot
piptamil
7 months ago
Thanks Arpi.....
+2 Reply
investment6300
7 months ago
Great Apri, thanks for your update ans additional info!
+1 Reply
ephymogashoa
7 months ago
Thanks very much
+1 Reply
piptamil
7 months ago
Dragonfly doji confirming as well in 4 hour chart.Go long :)
+1 Reply
ice_holly01
7 months ago
Thanks for the update!
+1 Reply
RAMUFF
7 months ago
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
+1 Reply
chartwatchers PRO RAMUFF
7 months ago
20 EMA or 50 EMA
+1 Reply
RAMUFF chartwatchers
7 months ago
on the 4H chart?

+1 Reply
chartwatchers PRO RAMUFF
7 months ago
1 hr
+1 Reply
losch
7 months ago
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!
+1 Reply
Annette
7 months ago
Thanks
+1 Reply
niteshkumar
7 months ago
hello
+1 Reply
niteshkumar
7 months ago
sir advice me whether stock markets will downfall or fly upwards i m confused
+1 Reply
chartwatchers PRO niteshkumar
7 months ago
In the next 2-3 weeks we should go up but might test back the breakout
+1 Reply
ArtFly
7 months ago
Thank you Apri but if the train is going down what is your SL?
+1 Reply
chartwatchers PRO ArtFly
7 months ago
below 1310 I will stop out
+1 Reply
Trendhopper
7 months ago
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....
+1 Reply
oilyprata
7 months ago
Thank you so so much Arpi :)
+2 Reply
jinyuji210
7 months ago
Is it a good idea to buy nugt and gdx to long gold?
+1 Reply
xukaitan888 jinyuji210
7 months ago
buy JNUG, NUGT or GDX, I prefer 3X ones.
+1 Reply
chartwatchers PRO jinyuji210
7 months ago
These are miners. But yes if gold goes up these are going up as well.
+1 Reply
kj23ca15 chartwatchers
7 months ago
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.
+1 Reply
chartwatchers PRO kj23ca15
7 months ago
It could work but I 'v never tried options in DUST.
MIners wil rally in August
+1 Reply
kj23ca15 chartwatchers
7 months ago
Thanks man. :)
+1 Reply
dmz
7 months ago
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?
+1 Reply
dmz dmz
7 months ago
*recent candle
+1 Reply
jinyuji210
7 months ago
READY~ SIR
+1 Reply
xukaitan888
7 months ago
Take a look at NGAS, it is rally again. So crazy.
Natural Gas rally again.
+1 Reply
ArtFly
7 months ago
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?
+1 Reply
pbartashevich PRO ArtFly
7 months ago
Could you please post a picture with BAT?
+1 Reply
ArtFly pbartashevich
7 months ago
I'm sorry , but I am not be able to publish charts yet to TradingView...I'm a beginner in TraidingView
+1 Reply
pbartashevich PRO pbartashevich
7 months ago
Not saying anything but Gold/Silver ratio ABCD correction shows some unfinished business on pull back - it was too small.
snapshot
+1 Reply
ArtFly pbartashevich
7 months ago
Browsing TradingView I came across a similar idea but on silver.
Silver Just Complete a bearish BAT pattern
+1 Reply
ArtFly pbartashevich
7 months ago
Could bat fell?
+1 Reply
saint_athur
7 months ago
Arpi 1345 just a fakeout move i guess. I believe we still have a room to the downside
+1 Reply
chartwatchers PRO saint_athur
7 months ago
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
+1 Reply
Victor.Y.F PRO
7 months ago
Looks like every speculations are on the long boat now. The boat is too small maybe in the water soon. Just a guess ^^
+1 Reply
xukaitan888 Victor.Y.F
7 months ago
It is a big ship!
+1 Reply
chartwatchers PRO xukaitan888
7 months ago
It's a MAN-o-WAR!
+2 Reply
Victor.Y.F PRO chartwatchers
7 months ago
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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AlperCanbaz PRO
7 months ago
how can u know that ?
+1 Reply
chartwatchers PRO AlperCanbaz
7 months ago
Know what?
+1 Reply
ArtFly
7 months ago
Arpi.... What about silver ? Same?
+1 Reply
chartwatchers PRO ArtFly
7 months ago
same story
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Trendhopper
7 months ago
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.
+1 Reply
chartwatchers PRO Trendhopper
7 months ago
Gold is running out of time. No undercut low below 1310
+1 Reply
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
+1 Reply
chartwatchers PRO captain_smollett
7 months ago
Flag was published 5 hours ago
+1 Reply
pjchch
7 months ago
Hi Arpi, many thanks for ur time and effort...got in @ entry point 1...nice profit and climbing.
cheers and regards
+1 Reply
ice_holly01
7 months ago
So gold will retest 1345? Thanks.
+1 Reply
xukaitan888
7 months ago
Awesome work here! Big days coming. I am full positioned in the last two days.
+1 Reply
USSRandolph
7 months ago
Looks like bull flag breakout to upside
+1 Reply
USSRandolph USSRandolph
7 months ago
Maybe....
+1 Reply
chartwatchers PRO USSRandolph
7 months ago
Definetely.
+1 Reply
alanprotrader
7 months ago
we should buy the pullback? or buy now?
+1 Reply
USSRandolph alanprotrader
7 months ago
If I weren't already in, I would do it now. But that's just me.
+1 Reply
chartwatchers PRO USSRandolph
7 months ago
Yeah try to get in we will buy every dip just as smartmoney.
+1 Reply
alanprotrader USSRandolph
7 months ago
i entered now.
+1 Reply
USSRandolph alanprotrader
7 months ago
Good for you!
+1 Reply
jinyuji210
7 months ago
Yes,sir. I feel we are on the flight rather than train
+1 Reply
chartwatchers PRO jinyuji210
7 months ago
It's a spaceship man.
+2 Reply
bertcoin PRO jinyuji210
7 months ago
Nailed it!
+1 Reply
NT95
7 months ago
may be a good re-enter at 1340-1344 if consolidates?. It may break the 1375 high
+1 Reply
xukaitan888
7 months ago
For anyone who is not on the "Man-o-War" yet, this pullback is a good entry point too.
snapshot
+1 Reply
xukaitan888 xukaitan888
7 months ago
It looks like I have a good sense.
snapshot
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chartwatchers PRO xukaitan888
7 months ago
8 from 10 pullbacks will be like this in the next 2 weeks
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pbartashevich PRO
7 months ago
I am entered but in Silver. I think it will go faster.
+1 Reply
chartwatchers PRO pbartashevich
7 months ago
You are cheating. Watching the gold-silver ratio?
+1 Reply
pbartashevich PRO chartwatchers
7 months ago
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.
+1 Reply
bertcoin PRO
7 months ago
Playing NUGT. Wouldn't come down as well as gold flag, but similar entry times. Averaged $147.30. Running up well today. Thank you!
+1 Reply
andrej123456
7 months ago
I have just entered, thank you.
+1 Reply
mlwinter PRO
7 months ago
Hi Apri, Is there a page where you explained how you see the cycles in market? Thanks
+1 Reply
chartwatchers PRO mlwinter
7 months ago
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...
+12 Reply
mlwinter PRO chartwatchers
7 months ago
Brilliant! Thanks for your amazing work man!
+1 Reply
andrej123456 chartwatchers
7 months ago
''YOu get the notification on your iphone when we enter. '' Thats AWESOME ! Already in profit with XAU/USD :)
+1 Reply
Gold88 chartwatchers
7 months ago
Hi Arpi, Please post the website address when ready. Cheers!
Reply
Dps chartwatchers
7 months ago
Will wait for it Apri..thnx
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Tenbears1979 chartwatchers
7 months ago
Link to your site?
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investment6300
7 months ago
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!!
+1 Reply
pbartashevich PRO
7 months ago
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

+1 Reply
webmiztriz PRO
7 months ago
:o)
+1 Reply
pbartashevich PRO
7 months ago
I am still cannot get rid of my bearish short term views. The fact that bulls had no pain in this correction bothers me. Although, I bought some small amount of Silver in case I am wrong. BUT don't get me wrong I have physical silver since last depression in case we have REAL CRISIS as an insurance untouchable until I retire :). I would encourage everybody to have that.
+1 Reply
kallentto
7 months ago
I am a big retard, I missed the buy :'(
+1 Reply
chartwatchers PRO kallentto
7 months ago