GOLD - Chasing the price

FX:XAUUSD   Gold Spot / U.S. Dollar
2939 30 64
Traders who are going long in gold             in these days are running after the price.
We are very late in this gold             intermediate cycle : it started on 12.04.2015. We are in the 4th daily cycle.
Usually an IC             has 3 daily cycles in gold             .
1st DC: 28 days,
2nd DC : 23 days,
3rd DC: 28 days,
4th DC: 24 days ( and not finished yet)

A daily cycle has 25-40 days. It seems we are printing shorter daily cycles in this intermediate cycle.
NO WAY TO BUY GOLD             ON THE 24th DAY OF THE DAILY CYCLE IN THE 4th daily cycle of an IC             .
The risk of getting caught is 99.9%.

The banks and funds just pushed up and broke out gold             price to get rid of the mining shares on the highest possible
prices. Now when they finished their work and sat back in their comfortable chairs gold             can start its decline on the green back of the strengthening dollar next week. (The dollar has maximum 3-4 days to break down the August low and start an ultimate rally.)

So until the dollar starts its rally gold             can test the 2015 January IC             high at 1307 or maybe ( I see a very low chance for this) 200 weekly moving average at 1325. If this 2nd scenario happens I think we will drop 50-60$ in one day with a shooting star candlestick .

Horrible divergencies in the indicators : MACD , TSI.
RSI is making lower highs since 11th February..

So I think next 2 weeks we will see price at 1235$ at the bottom of the blue channel which we will break this time and start the decline to the 200 EMA .

P.S.: Zoom out the RSI to see the arrows
Comment: We almost tagged the 2015 January intermediate high in this hourly candle right now.
It looks like we are turning down from this level with a key reversal candlestick ( Key reversal: New high in the trend near to an important level and the close of the key reversal candlestick is below of the close of the last candlestick(s) ) The more previous candlestick we close below the stronger the reversal is...

Get ready we might be there...
Comment: Now we have to break below the 20 EMA
Comment: We broke down finally.
Next step is the 10 & 20 EMA crossover...
Comment: We printed a daily shooting star candlestick.
Comment: Waiting for the dollar to finish the move in the panic selling stage.
Maybe 1 or 2 days.
Be patient.
Comment: Gold rally had slowed down.
The dollar at new lows.
Gold is not able to run new highs.
Comment: We are giving back all the gains that were made in the morning on the falling dollar.
Key reversal's high still holding.
Comment: Bulltrap confirmed...
10&20 EMA crossed down.
Comment: We are testing back the breakdown level and let the 10EMA to catch up the price
Comment: It's starting to be too perfect.
We are testing back the breakdown level and let the 10EMA to catch up the price
This is playing out beautifull... now where would the support be.... being we're so far above MA. 50s, 80s? Any thoughts?
50 EMA or/and the trendline on the picture.
They are running together.
Making great profit on DUST... but oils taking it all :)
Everything can't fall together for long time...
Gold will fall stocks and oil will soar soon.
Finally the USD is reversing!
kizly keefer0
Same here. Hate to hold but I'll wait for the turn.
Yep... Feel more relaxed with Gold touching the 1300 again... Does certainly feel like a bull trap. A bounce in the dollar and the opening of US stock market + am/pm fix and we might get in motion.... Again good call.... now let's just hope this follows through. As you say patience...
You are good Man!
Good call... was worried since being short today... seamed like it cold burst into maniac mode...
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