VRShaiju
Long

100% bull - Once in Blue moon

FX:XAUUSD   Gold/U.S. Dollar
3149 51 58
6 months ago
You never get this chance again. The bull setup before FOMC. However it's advisable to take position on Wednesday Comex section. The Bear and Bull wave are moving in same direction next week. They should diverged between 1345-1357 area. Trade safe ..! We have three more trading days before FOMC release and that should be NO change in rate hike :)

We should see price below 1302 next week and I placed a buy order @ 1302 to secure a position trade in bull momentum . Exited 3 of 4 short positions @1309 from 1352(1of2), 1333             ,1322. Currently running one 1352 positions targeting 1180 this should be covered around 1302 next week :)
6 months ago
Comment:
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Started Melting ;)
5 months ago
Comment: It's Big day today...! Here is the direction of the day
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5 months ago
Comment: We are now 24$ up from last dip. another 10$ more which is around 1274 is the key resistance for wave 4 :)
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5 months ago
Comment:
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Resistance 1..! let's see whether it break or not
5 months ago
Comment:
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Stick to previous pattern ABC no Triangle here :(. Let's dive. New Week, New Strategies
5 months ago
Comment: Shall we get better than this? I doubt.. ! :)
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5 months ago
Comment: Volatile gold is good. We found nice spike on Friday and sell OFF. We still not reached COMEX close 1273, which invalidate 5 wave count. So I expect the C wave is not yet finished and expected to finish the target of 1286. It's good to long on Market opening..!
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Related Ideas

Cornhub
6 months ago
'that should be NO change in rake hike" doesn't sounds like 100% bull...XD
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VRShaiju Cornhub
6 months ago
Ha Ha..! - Only few know that " NO rate hike " is bear in "long" run
+1 Reply
albertwt VRShaiju
6 months ago
Yes, I think there will be no rate hike this month until the USA election result.
So Gold will always be bullish until the end of the year 2016.
Reply
Cornhub VRShaiju
5 months ago
Let's Dive...love it..XD
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DangBinh
6 months ago
nice chart...same my plan but my next point not so far 1347
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VRShaiju DangBinh
6 months ago
that's a good target too - 47$ for FOMC run is very much possible in next week
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itSkushSharma
6 months ago
All depends on if Feds raises Rates or not on Sept 21. If feds raise interest rates, Dollar will have value short term, Gold will do a pullback because of market sell off in the mining sector. But raising rates will hurt corporate earnings; thus we will see substantial market sell off. This would create a domino effect, hurting the chances of Hillary becoming a president. If feds don't raise rates then we have at least 2 month of Gold bull run, since the next fed meet is in December. I think the Feds won't raise rates before election. Right now the chances of rate hikes is at 11% and December is now 44%. Next week we might see some side ways action possibly lower around 1308-1305. But after Yellen Speech of no hike, I expect a surge upwards in Gold price, and gains in mining sectors. But again safer to listen to Yellen Speech and then take position accordingly. (My) Fundamental analysis and (your) Technical analysis go hand in hand.
+3 Reply
VRShaiju itSkushSharma
6 months ago
By the end of Dec we get another rate hike. If they don't do the authenticity of fed will be in question and that should make a feel that America slipping in another big recession. Yellen has no more choice. She has to do it with out affecting the market :)
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WhiskeyDeltaBravo VRShaiju
6 months ago
I don' think they will raise rates. They can't do it. The economy isn't strong enough to support it. Instead we will see more exotic QE4 after the election (definitely not before).
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eskgroup
6 months ago
Them damn GAPs :)) Agreed, but will remain cautious 1266s/84s
+1 Reply
VRShaiju eskgroup
6 months ago
:) that's a real GAP. It's good that you join in the room. Your presents enlighten me a trend change like last year ... :)

any way the break dive more will not stop at 1266-84
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eskgroup VRShaiju
6 months ago
Gold MA Behaviour
Thanks bro! Just posted a monthly chart. Take a look at the MA20?
+1 Reply
eskgroup eskgroup
6 months ago
sorry for the dirty chart...:(
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VRShaiju eskgroup
6 months ago
That's not dirty.. :) Usually PA should back test the previous swing low, when it touch @MA20. In that sense a double bottom in focus ;). Smart young traders are in the market. They are addicted to news and dreaming about another millionaire. This chart is their night mare
+1 Reply
eskgroup VRShaiju
6 months ago
hahahaha!
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eskgroup VRShaiju
6 months ago
Only few will understand it ;)
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albertwt VRShaiju
6 months ago
Does this means that this week gold will be lower before the FOMC meeting on Wednesday ?
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MidasTouchConsulting eskgroup
6 months ago
my problem with this chart is that it is linear.. if you look at a logarithmic version the powerful rally in February was the breakout of a multiyear wedge... I continue to believe that gold will rally until $1500-$1530 (=the base/neckline of your 1st descending triangle)..
And one more hint.. slow stochastic is bullish embedded on the monthly.. the uptrend is locked in... !! this is not changing within a couple of days or weeks... -> $1,500 we are coming !!

snapshot
+2 Reply
VRShaiju MidasTouchConsulting
6 months ago
Thank you for your chart and analysis. It's good to have different views always. Good analysis by the way, should consider as reference if it goes against my "anticipated" direction.
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MidasTouchConsulting VRShaiju
6 months ago
you´re welcome.. I think the only thing that justify a bearish stance is the miserable CoT-situation.. but this is already since march the case.. technically I don´t see any bearish impulsive structure...

check my newsletter please:
http://us2.campaign-archive2.com/?u=782363159fbc9257a5256cdde&id=0603af1bf7&e=
+1 Reply
VRShaiju MidasTouchConsulting
6 months ago
Very detailed news letter .. interesting to read.. Thanks again for sharing
Reply
MidasTouchConsulting VRShaiju
6 months ago
it´s free and bi-weekly ;-) you´re welcome as a subscriber !!!
Reply
mrtommifunn PRO MidasTouchConsulting
5 months ago
Just checked out your write up , very informative. I'm bullish on gold but your statement you wrote "Buy every dip! Gold will not move substantially below $1,300 anymore...." was very bold for as i write this its now at 1255 after hitting 1240 earlier today.
Reply
MidasTouchConsulting mrtommifunn
5 months ago
Yes, I layed out this type of worst case scenario 10 days ago but gave it a very low probability.. wrong as we all know now...
http://us2.campaign-archive2.com/?u=782363159fbc9257a5256cdde&id=0f205e3656
Reply
mrtommifunn PRO MidasTouchConsulting
5 months ago
Hope you don't think i was criticising as i like your trading as you often trade the same direction as myself, i wish you all the best.
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MidasTouchConsulting mrtommifunn
5 months ago
Don´t worry. It´s not about being right it´s about making money.. Thankfully I did tighten my stops to $1,310 last week. But in hindsight I should have been more bearish.. this agonizing sideways consolidation was very tricky and confusing.. now will be interesting if the bulls coming back.. $1,295 is surely possible but over $1,300 might be difficult for now..
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MidasTouchConsulting MidasTouchConsulting
5 months ago
http://us2.campaign-archive2.com/?u=782363159fbc9257a5256cdde&id=6dca6e711d&e=
Reply
MidasTouchConsulting VRShaiju
5 months ago
http://us2.campaign-archive2.com/?u=782363159fbc9257a5256cdde&id=6dca6e711d&e=
Reply
VRShaiju MidasTouchConsulting
5 months ago
Gold - BIG picture
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al.calgary
6 months ago
if there is no rate hike, why do you think it will drop from 1356?
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VRShaiju al.calgary
6 months ago
The rate hike fear never remove from the market until it's done :)
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pixi
6 months ago
no comments. You rock VR ;)
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VRShaiju pixi
6 months ago
Thanks Pixi..! I saw the similar chart from you as well. Good mind thinks same :)
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AlphaDreams PRO
6 months ago
Nice work! We'll see how the week starts...
+1 Reply
SciFi75
6 months ago
Russian traders agree with Your prediction.
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SalN PRO
6 months ago
I think you should move your 5 to Feb 1, the day they will raise rates. That will be the bottom for this run. Then it will soar
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SciFi75 SalN
6 months ago
maybe can be fed and will not ever increase rate.
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SciFi75
5 months ago
!!!
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VRShaiju SciFi75
5 months ago
:) - We realise until we reach there
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SciFi75 VRShaiju
5 months ago
Yes, until we see the achievement of goals. Expected.
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SciFi75
5 months ago
)) congratulations
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VRShaiju SciFi75
5 months ago
Thanks buddy. I was confident on this chart and I traded it and holding a single position now from 1352 :) let's wait to reach the target
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SciFi75 VRShaiju
5 months ago
I wait ))
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SciFi75 VRShaiju
5 months ago
end on 850 - 900 - 950
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VRShaiju SciFi75
5 months ago
NO - BIG no not that deep this time. Let's play safe in gold
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SciFi75 VRShaiju
5 months ago
we expect the largest sale in history. The current economic Armageddon will sweep away everything in its path. Now the U.S. indices will update the historical highs and will crash 2 times. The fed will turn the printing press - we see a new rise of stock indices and again crash. We soon also expect a shortage of U.S. dollars. And the pound and the Euro will come to parity with the dollar 1 to 1. And then when the fed prints money the dollar will collapse. But by this time we are interested in how much rice and lentils, not futures and the Brent brand.
Reply
VRShaiju SciFi75
5 months ago
You said absolutely right sir.

This is expected in the beginning of the year when media cornered and continuously provide " paid news " on negative interest hike on US. A lie they repeatedly said almost 10 months now which is registered in new investors mind. Brokers got enough money to destroy newbie accounts
Reply
SciFi75 VRShaiju
5 months ago
http://www.cnbc.com/2016/10/04/bill-murrays-meatballs-speech-and-the-endless-bull-market.html
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SciFi75
5 months ago
now up 1280 (4) ?
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VRShaiju SciFi75
5 months ago
Yes
+1 Reply
thenry PRO VRShaiju
5 months ago
I really like your latest chart, with the ABC on it. Totally agree
Reply
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