Akil_Stokes
Long

GOLD: Bullish Bat Pattern

FX:XAUUSD   Gold / U.S. Dollar
3044 34 38
Bullish Bat Pattern
xauusd,30/60 ......possible  Quasimodo pattern !
+4 Reply
great one akil i was watching this pair for this week. i am filled ^^
+1 Reply
Good stuff.

Let's throw a little weekly trendline confluence in there.
EXECUTION STRATEGY FOR GOLD
+1 Reply
I did not even see that you posted this one Akil and posted the same idea as well:)I also took the previous bearish bat on xauusd-worked really nice.
GL!
+1 Reply
Has'nt it stepped out of the bullish bat pattern ?
+1 Reply
No
Reply
Friday is "QUAD" Witching. $1.1 Trillion of S&P 500 Options expire Friday morning.Approx. $670Billion are Puts,$215 Billion close and below market level-1900& 2050.Could be non-event but maybe something else,we don't know but be aware.
+1 Reply
Akil_Stokes PRO RobertHerdman
Always good to be aware, thanks for sharing that information with the community
Reply
Great trade Akil, thank you for sharing :)
+1 Reply
Akil_Stokes PRO moneymaking
No problem!
+1 Reply
Yahia.Awes Akil_Stokes
Yup you nailed it
Reply
I love this trade Akil! Thank you. I thought I'd mention the Jr Gold Miners Bull 3X ETF (JNUG) on this thread because it is what I typically use, and what I used here, to long gold. Besides buying gold call options, do you know of a more aggressive way to long gold other than JNUG or another 3x jr miners etf? By the way, you and I met in KC a couple years ago at the TE seminar. I was Alcindor's guest. I've been following your work from a distance since then. I'm a precious metals broker so this trade was right up my alley. Keep up the good work! Thanks again.
+1 Reply
Hey, good to speak with you again. I'm not a investor unless we're talking hard assets so unfortunately I won't be any help with the questions that you have
Reply
Why not just buy the future contract, RVG? GC is 100 ounces (standard contract), QO is 50 ounces (mini contract), MGC is 10 ounces (micro contract). This is the purest way to trade gold and could be very aggressive since leverage in the futures market is substantial.
+1 Reply
I'm not a gold trader. I have some for investment purposes, but as far as trading goes I only trade the Forex market
Reply
rvg Lanmar
I appreciate your response Lanmar, but I must state the purest way to trade gold is physical gold, not futures contracts. I think you mean the futures contract is directly tied with the spot price of gold so trading a contract is a way to get perfect correlation between spot and your trade. As a hard assets broker, I assure you the paper contract does not represent a deliverable price. Premiums on deliverable metals fluctuate relative to spot and can fluctuate many percentage points depending on supply/demand of physical metal. Last week, I think the Comex supply of deliverable gold was smaller than what China consumes on a daily basis. The true price discovery of gold will shift from the US futures market to the Shanghai Gold Exchange because of this paper vs. physical difference. Akil, thanks again for your work. It makes me happy you have some physical for investment purposes. While wearing my tin foil hat, I'll ask this question...how rich is someone when they can't log onto their bank or trading house's computer system to do anything and/or when their bank or trading house says they don't have a record of how much money someone had because their computers aren't working?
Reply
Waiting for this pair payed off ;) had my target on 618 retracement. Trade succeed painless great one akil hope you had some profits too on this one
+1 Reply
I don't trade gold, but glad to see you were able to take advantage of the idea
+1 Reply
Tijmen_K Akil_Stokes
alright. learned allot because of you this year akil i want to thank you for that ^^ happy holidays and cheers to the new year!
+1 Reply
Same to you and yours. It's been a great year. But now it's time to reload and get prepared for 2016!!!
+1 Reply
krishdil Akil_Stokes
its mean for bull sir?
+1 Reply
I'm sorry but i don't understand your question
Reply
krishdil Akil_Stokes
I mean now bullish trend ?
+1 Reply
I got you thanks for explaining. No we're not in a bullish trend now
Reply
krishdil Akil_Stokes
Thank you so much sir your valuable advice
+1 Reply
which value do you this rally stopping? Thanks for your work.
Reply
I'm not sure I understand your question
Reply
abail Akil_Stokes
in your opinion where will this rally find resistance?
Reply
It's currently at a present level of resistance now
Reply
abail Akil_Stokes
thanks
Reply
Happy New Year and Christmas
+1 Reply
Thanks same to you and yours
Reply
love your analysis!!! million thanks
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out