GOLD - Jumping on the gold train
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$). I think the stock markets will print a HCL decline and that will help gold to rally. And when the dollar starts to fall - it seems to be starting now - gold will skyrocket.
No shorts from now it's going to be a big move up.
Today we made a higher high, so
I make the call : we are in the 2nd daily cycle.
In gold's intermediate cycles the 2nd daily cycle always the strongest one.
My advise to open the position and if we have a dip add to the position. In the 2nd daily cycle the pullbacks are small and rare. Next week we are going to break to new highs ( above 1376$). 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:
Close to the 50 EMA.
BUYING
BUYING
Comment:
It seems the pullback is done : we almost tagged the 50 EMA.
Hopefully surprise will come to the upside...
Hopefully surprise will come to the upside...
Comment:
Gold is forming a flag after BoJ.
Waiting for a break to the upside.
Waiting for a break to the upside.
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.
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.
Comment:
I'm waiting for the dips to add.
But it seems we will have a daily maximum close.
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.
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!
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.
The bull seems to be ready to really run.
20 EMA (we are there right now) and 50 EMA