GOLD / Set to Shine by Technicals / Perseus, watch this!

FX:XAUUSD   Gold / U.S. Dollar
Hello guys!
This will be a long description, but I need to make this.
I can be wrong, and it is only fine, at least I am trying, but my thoughts are that this is it!
Gold             did it's business down there, and now it want's to go up!

First of all take a look at this guys!
GOLD / Fail / To 23.6 finaly?

In this idea I told you that gold             has to break 1274.00 100% line by 10$ to break it!
Look at Highest level Friday!
1284. Why not higher or lower? Well because it just had to make sure it breaks that 1274 and opens new phase upside. 10$ right away.
After breaking these 100% lines there is a bounce downwards but small one. I am expecting the bounce down to 1265.00, you know why:

Blame Gold for what it did!

Transition should be reached!
As well I contacted a guy from Iran who studies JAFR trading and knows a lot more than me. He said that on Gold             you always how to count - / + 5$ from targets, so that being said knowing the lowest 1241 we can say 1238$ is reached, but I always want everything to be pip in a pip! But JAFR suggests that target is seen.

As well I made this idea while ago suggesting you to Join the Gold             Cartel.

GOLD / Static vs Dynamic / Join the Gold Cartel

And last but not least Transition behaviour this las week was all seting up for upwards movement.
Remember my last Idea with name Market Makers Dream Dump n Run.
I had this feeling starting from Monday that Transitions ar setting up for upward movement and deleting all downside targets. And then Thursday evening when seeing these levels I got a feeling that Friday will be a Dump ( You saw the quick and powerfull dump to 1261 ) n Run day. And it did happen.
Gold             made sure that its business down there is done and it wants to go up.

GOLD / Market Makers Dream / Dump n Run!

And last thing I want to point out to a guy Persesus here.
He commented:

However, I'm looking forward to your analysis on the day of the interest rate decision when gold             either sells off or gets bought up like crazy. Excited to see how you spin that one as a purely technical event!
Good Luck!

All I can say Perseus boy, watch this now. I don't know what will be NFP numbers. I don't know what will be Interest Rate Decision, I don't know who will be the President of United States of America, but all I can say that Technicals point out upward movement on Gold             now, so watch all these Fundamentals filling technical direction later!

All I can say Guys, I think I will do my first buying soon starting from 1265 area and hold that and add more as gold             goes up!

I can be wrong, I can be very very wrong, but I am saying what I am seeing, and if I am wrong, well, I just move on!
All I can do is risk Reasonably!

Comment: And by the way those who don't know, we have a deal with @chartwatchers . When Gold tags 1.400$ He promisse to come to Riga and spend time in Studio 69 with me. ( Most expensive place in Latvia ) One glass of champagne costs around 200$.
Comment: Soon end of the month. After NY close 31 of October join me live on Youtube Live stream, as we put in new H L C from October month to get new key levels, support, resistances for November. Will be exciting to see what we have for new month!
Look at this guys!
I made this when october started:

GOLD / 500oz swing / Back to work!

### As for next month, it seems that this time gold could go even lower than it did before. If we saw 1302 some time ago, it can be that gold makes new fresh low more than 1302. So new fresh low was 1241.

Let's see what picture we get for November overall!
October 31 after NY close.
That's what I figured too. The only question remaining is when is it going to reach 1265 area... Asia mabye dump at Japan open, then fly to the moon at China open... we'll see.
+1 Reply
Despite all the efforts by bullion banks to continue "suppression game"last week,the pressure on longer side was clearly building......,and on Friday we saw one of the first "bursts"to the upside which HFT bullion banks "algobots " ( algorythmic trading platforms)..were not able to contain-- and on my charts this is very bullish!!!!! may stay in 1265-1280 trading range for a little while..but in my humble view, the next break out to the upside would be so quick and violent that the most part of the gap would be filled even before the market opens..which would leave many people on the sidelines..again...
The "miners train" has already left last station on Friday and slowly but surely would be entering the second leg of a new bull market in coming weeks...
Massively entered into a new position in JNUG at the close of trading on friday , and little bit to the GDXJ ,despite already having built a full position in juniors...
Thanks for your ideas and good to everyone this week!!!
They will not raise interest rates, as much as they talk about how they will. IMO we will either see the following,

1) They do not raise interest rates and gold shoots up.
2) They do raise interest rates, and gold drops for a week then shoots up a la December/January 2015/2016.

I'm glad we are both long on this trade, and I wish you the best of luck my friend!
Perseus Perseus
Bruno, I would like to ask you something regarding what the iranian guy suggest that we must count $5 means we must allocate $5 below target areas?
If we would have target 1355, then if gold reaches 1350, target 1355 can be counted as reached.
If we would have target 1235 then if gold reaches 1240 can be counted as reached.
saint_athur MetalCruisers
Ok understood. Is it dump before GDP news at 1260? If im not mistake if we facing with the dump, market will repair the dumping. What do you think?
Like I stated I have short till 1265.. and from 1265 I am planning to buy!
Let's see how it works out!
boxx40 MetalCruisers
As I understand you do not consider the drop below 1267 (-5$) on Friday late afternoon would be considered as reached transition 1265. Otherwise this drop on Friday late afternoon could mean that the transition 1265 was already reached and the bulls are free. What is the difference between target and transition?
Targets are targets, and they are taken from completely other system that is not involving transitions. It is a yearly template.
Transitions are other strategy / method with different calculations!
We can give a try with small size at 1265 but as always i like to play safe and consider 1261. I have position 1242.
RamzaBehoulve MetalCruisers
If we follow that logic, wouldn't the hit at 1267 count as reaching 1265 then, so it did test transition and don't need to do it anymore? Or are transtions immune to the 5$ rule?
RamzaBehoulve RamzaBehoulve
Never mind, saw your answer below, my apologies.
according to ur jafr calculation range -/+5, we should expect transition price btw 1270-1265 not exact 1265.
sulbas sulbas
sorry same q with @saint_athur ;)
- / + 5 has nothing to do with transitions.
Thanks for all of this Bruno. I look fwd to your updates this coming week. And I hope you meet Arpi. It we get to 1400 I'll be tempted to join you lol.
Marvin Marvin
If (not it)!
Sure.. everyone is welcome! ;)
Hi TPparadigma - Really appreciate you sharing your ideas - Got to say some very good ideas, wish I could learn and understand. I'm just a beginner. Your whole analysis does add up and does make sense. Also to reinforce this the 1hr chart completed a bullish pattern (Butterfly - I think), but the price went up retested and went even further, creating a higher high.. I would normally look to go high from around the current area, but will wait around the 1264 area - thanks


Comment removed
Perseus MetalCruisers
No disrespect, actually thought that's what TP stood for!

Let's short this thing!!!
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