TheZabisyu
Long

GOLD / Transition Trading

FX:XAUUSD   Gold Spot / U.S. Dollar
The last idea was sarcasm, take it like that.

But on a serious note. I am holding 3 Gold buy positions. 1500.8 - 1494.10 and 1487.13
I am 13% down as of now!

Don't listen to sellers. I spotted the sell and posted it:


But Gold according to the transitions will make the next move up!
It can spend time here for a while but the move will come! Don't drop off your positions just because you see a 50$ red move. This is not the real sell as of yet.
Buy Gold slowly and make money. Look for the break of the previous low 1479 there is a 38.2 located in a non-reverse fib tab. And we have:

Direction = 15.0
23.6 = (High + High + Low) / 3.0
76.4 = Sentiment / 2.0 + Low
Base = (High + Low + Close) / 3.0

It doesn't even have to break the low. Expect the start of the move.
Same goes for Silver .

Laugh at me now, get quiet later:



Comment: Just noticed that I am in ALL time XAU/USD TOP trader category. Woah what the...
Comment: 1518.5 - 17,7 - 29,1 1471.7 Is the max possible drawdown I am seeing, simply in case don't freak out.
Comment: I have closed all positions at 1518.
Amazing if gold comes down to break the low, can buy again.
Comment: I was holding silver till it hit BE for me. Was not expecting it to overperform gold on the drop. On the other hand it is amazing. I will buy right on Monday again.
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