MaryJane
Long

September: Gold = 1435$?

FX:XAUUSD   Gold/U.S. Dollar
902 3 28
2 months ago
I nearly can`t believe that my former views were all slam-dunks! :-) Crazy!

Currently we still have a pure bullish Situation in this TF.

The requirement for a further upwave to 1435$:
Beating the mangenta Box can be seen as the first longsignal, but not the "real" one.
Only trading above the blue Box will activate the flag and open the way up to 1400$. 1375$ is the Level to watch!

Trading below 1300$ will destroy the bullish Setup.

Best Regards Mary

Former views:
2 interesting Trading Boxes Part II
2 interesting Trading Boxes Part II!

Please read my former view first (see below)

These hours we have reached the TP of my former view (see below)- the bottom of the illustrated blue box! So i have to update my view.

We played the in my main view illustrated variante no. 2 (mangenta box - see below).
Now i see the chance to play variante 1 of the Blue Box:

1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.300$. Box TP1 would be the bottom and upper edge of the mangenta box and than the upper edge of the blue box again

At the blue box`s bottom we have a classical action point were a decision has to be made. Here you could make a straddle - that means you open 2 positions, one long at the present level and a stoppsell order below todays low with a sl near above the blue boxs bottom edge.

The streesed out BBs, the four times bought supportlevel and the bullish wedge in combination with an oversold RSI could be a nice anticyclical and risky longchance.

We are here: also near the next longterm action point
snapshot


2 interesting Trading Boxes
2 interesting Trading Boxes!

Since July, a Trading Box appeared: 1306$ - 1375$.
Within that Box, we can see the next shortterm Box which reaches from 1330$ to 1356$

Interesting are the edges from each Box.

Trading ideas Blue Box:
1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.300$. Box TP1 would be the upper edge
On the other side, the Risk Lover could sell the upper edge @ 1.375$ (SL near above that Level) TP=Box`s Bottom
2.The cyclical patient Trader would prefer waiting till we break through one of the Box`s edges (Stoppbuy or Stoppsell with a closely SL near the edge)

Trading Ideas Mangenta Box:

1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.330$. TP1 would be the upper Boxedge mangenta, and TP2= upper BoxEdge Blue. On the other side, the Risk Lover could sell the upper edge @ 1.356$ (SL near above that Level) TP1=Mangenta Box`s Bottom/ TP2 Blue Box`s Bottom
2.The cyclical patient Trader would prefer waiting till we break through one of the Box`s edges (Stoppbuy or Stoppsell with a closely SL near the edge) TPs are the edges of the blue Box


XAU reached Action Point!
XAU reached important Action Point!


We can see a midterm uptrend since 30.05.2016. The upmove temporarily stopped with a Double Top @ 1.375$ - a consolidation started.
Today we are trading near the supportlevel @ 1.310$. Here is based the midterm uptrend-line, the min. correction Level - the fibo 38,2 retracement, the neckline of the possible H&S and the EMA 200 in this timeframe. All together are apivot support-Cluster.
1. Trading below that Level will break the midterm-uptrend - a shortsignal appears. The TPs of the H&S are 1.274$/ 1.248$.
2. Will the trend be bought, that would be a bullish Signal. Here you could exspect the next buying-wave up to 1345$/137$5.
3. Trading above the former Top @ 1.375$ will cause a midterm-longsignal --> TP 1.430$
This is just my persoonal view -please trade your own view.
XAU reached important Action Point!
2 months ago
Comment: After the mangenta short trade reached the tp today, you followers perhaps opened the always mentioned "blue box" patient -shorttrade...
- Trendbreak! Kissed the EMA 200 ..RSI oversold now...
snapshot
2 months ago
Comment:
snapshot
2 months ago
Comment: here the mangenta + blue box trade
snapshot
piptamil
2 months ago
Excellent...
Reply
-Andrew- PRO
2 months ago
Impressed
Reply
IvanLabrie TOP
2 months ago
Good one mate.
Reply
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