Which ever comes first is good enough! Trade using your own tested strategy and plan. Safe trades.
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Yesterday we sell gold and aim 1206, if you keep the trade open, congrats you are patient person. We have chance to see it, or maybe we don't have, let the market tell us. But if gold reach 1207-06 close the short and go long, and aim 122x.xx max 1226.xx
Im out. Today is super choppy and therefore not waiting for mirracle to happen but taking the money. Good Luck.
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Oh well. Seems Gold was waiting for me to close the sell. lol Thanks.
Trade closed: target reached
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Gold hit 1206 target that we talk about yesterday. No confirmation about upper targets yet because need to see the close price to be sure, but I love risk therefore my long order is triggered. I had that 122x.xx shown in some BL4 and BL12 sub transitions but only NY close recalculations will confirm it. Stay out if u don't want to trade it.
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Price break new MDP sentiment level giving BL12 transition at 1199. But range is very tight. Keep in mind that BL4 at 1222 and 1226 is a must since price break upper MDP sentiment and did not see the target. Even if price drop it cannot ignore Sub transitions. Especialy R % of X related to 16/22 transitions and greater. That being said Price need to see upper Subs BL4
1199 is also the 61.8 fib of the upmove from 13/1! Interesting.
Marvin
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So you're saying 1199 first and then up? Is there a level that invalidates this? Is it 1199? Thanks Bruno.
UnknownUnicorn540299
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B! Are the two targets 1222 and 1226 both to be seen on this rule or just one of them?
TheZabisyu
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@viking83, 1222 is confirmed 1226 is 80% confirmed ( no pivotal break for that so no full confirmation )
UnknownUnicorn540299
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@TPparadigma, Thanks Bro, keep up posting quality ideas :)
TheZabisyu
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@viking83, Only my assistant and accountant can talk about the idea quality. So you don't do it :)
UnknownUnicorn540299
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@TPparadigma, Seems to me they are on vacation at the time being?
BGLion
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Well done! "There is no bad time to take profit!" ;)
mmmp12
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I don't know, I think that this sell is what bears (at least temporarly) wants now - we can have a slide to 1180.
We are under significant MA/EMA and if we close this candle here it will be bad for long now.