It came to see both my temporary target 1193, and permanent target 1180.
This was the pancake, now bring the Jam.
By frequency calculations gold has to fall like under 1170 and spend there at least 3 days to say that bulls are not comming. I just don't see signs that invalidate my next Temporary target 1383 and Permanent Target 1430.
As well I don't want to fall in love in this idea, all I believe is gold is to met 1383 and that should be completelly done in December, so I believe that to all those people that have bad long positions, gold should manage to bring peace and love in your mind / heart for X-Mass and everything should be back to normal!
If you buy here even with small risk like 1 lot for example and if target is met it can bring you 18ish thousand bucks. Just 1 lot.
As well people ask how I would manage the hedge sell positions and what would I do here.
If I would be you, of course I buy here, just because I believe in my calculations, and when gold goes up I would close each and every sell step by step at BE while my long position minus is lowering and my bottom buy is bringing money. But it depends on how helthy your equity and margin level is.
Guys, with this buy, we really need patience here, this time for real, because this can be boring. And remember that gold is a monster, it can easy do reach unseen targets and levels.
I have done my buys here and won't add any new positions at the moment. And will update this idea if I spot something new, or a good place to add to longs.
Sorry in advance if I am wrong, at least I tried!
This is one big mission for gold now, and I want to thank you all for support that you show!
And just to remind you in this idea I made an update, it is the 4th update:
Keep that in mind!
Copy Paste :
Comment: Later this month Significant player ( company ) that plays big role in gold prices ( won't name the company, should schedule a good amount of gold contract buying from company " B ", this is how gold start the route to 1383. When that comes you'll read that in news as an explanation of a sudden and sharp upward move in Gold, the most important thing is don't miss out.
Company A ( the buyer ) would love to get gold cheaper is what I know, so they may try to get it lower by printing good CPI data later today, or just by selling more contracts this week. Remember about 1193-1180. That is still on table with yesterdays close price.
Shout out to my man @fruitman82 for spoting this drop.
He write me about this but I was off.
True. Whenever these 3 levels at the TOP by close price are aligned and all 3 are at the same level, it is always a bull problem day. In last 3 biggest drops so far they happen once 3 levels align. I would hedge my buys, but well drop was not so big, so now I wake up and add to my buys.
I am waiting for 3 levels to align downwards, then that will be one hell of a buy!
Again - Patience!
Zero analysis. Just a facade with no logic.
hes on a software, the only thing he does is click on a button when the software tells him what to do... hes not a trader :)
Yes zero analysis, and I am on software! I just dont have time to do analysis, I am kinda busy making money, and I am glad that I have a software that does the job for me.. you micro lot traders with day jobs you have time after work in evening to draw your x-mass charts, I just don't have time for that.. so my charts are naked with zero analysis and I am on software! Maybe some day you both get to that level. So your words are actually on point!!
1183 back test done
1185 backtest pending but not obligated.
we need to push thru this intraday level.. it is very hard one. Such levels need strong candle that go thru in one push.
1192 is broken and after dynamic level break a bounce follows.
Well what can I say if there is a bull then show the horns bro.
All dynamic levels tested.
I was doing calculations and I have a goal on this trade that I'll let you know in next idea, but no matter how I do it I could not achieve it with my leverage and margin, so I had to add funds to make my goal happen at the end of this run.
I will do deeper calculations during weekend, permanent template and dynamic template calculations and if all will be good then this will be the biggest Single trade / profit I have ever had in Forex from a single target. I want you all to set goals in forex and in life, and there is something I want to achieve with this trade. After recalculation I will make a plan / idea, and hopefully it will bring me what I want.
I had to close my lower buys because I messed something up but no worries, so I bought again and will not close. Fore me it is set and forget trade, hopefully.
Have a great weekend.
The price has broken multiple key support levels including the 200 day simple moving average, and Multiple horizontal support levels.