timwest

Gold - XAUUSD - Gold must fall to 1250 by Wednesday's close

FX:XAUUSD   Gold/U.S. Dollar
580 14 12
XAUUSD             - DAILY "TIME AT MODE" TRADING METHODOLOGY
aggressive trade setup:

IF GOLD             DOES NOT REACH 1250 BY WEDNESDAY'S CLOSE - BUY AT THE MARKET, USE 1250 STOP LOSS
RISK MAX 1% of Portfolio

The "Time at Mode" suggests that the recent 17-day consolidation set up a 17-day decline which is set to expire on Wednesday. This is an aggressive interpretation of the trend-following methodology that I developed, but I did want to put it out there for you to see. I used this methodology to forecast the high in Tesla             earlier this year and it works very well enough of the time to warrant your attention.

Tim 10:24AM Monday, September 8, 2014 1257.87 - 10.94 last
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
LudmilaHanania
2 years ago
Thank you Chris. Can you the same chart with Time at Mode for OIL?
Reply
timwest PRO LudmilaHanania
2 years ago
I'll do the analysis and plot it.
Reply
LudmilaHanania LudmilaHanania
2 years ago
Sorry , I meant thank you Tim!!

Reply
timwest PRO LudmilaHanania
2 years ago
Crude Oil
snapshot
Reply
Hi timwest Hope you are fine thak you
Reply
bickster73
2 years ago
Hi Tim. Slightly confused. What if it does break the 1250 barrier? What's the call then?
Reply
timwest PRO bickster73
2 years ago
Hi bickster73, If it breaks 1250, then it proves the downtrend is in effect and that the sellers are in control. We would look for a lift to sell or another consolidation range to set up and then sell. If you hit targets, it proves the trend is in that direction; In this case, hitting 1250 would prove the trend is down.
+1 Reply
gegau timwest
2 years ago
Hey Tim
2014/09/09's low under 1250, but not close price - would you still consider going long, if we move up?
Reply
timwest PRO gegau
2 years ago
I'm sitting on the sidelines in Gold. 1250 could be a major bottom, if you buy here 1250.75 last, you don't have to risk much. It should move up quickly if it is the bottom. No new lows for 5-days is the first sign of a turnaround. I'm looking at Buying AU (Anglogold Ashanti) after a 2ndary of $2 billion will hit the market to get rid of debt.
Reply
gegau timwest
2 years ago
Thanks, Tim
Reply
HexVex
2 years ago
Good call Tim!
Reply
HI time what is zoar view on gold now my idea is long if price break 1259
Reply
Very fascinated
Reply
NickCoulby PRO NickCoulby
2 years ago
Solid work!!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out