timwest

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

FX:XAUUSD   Gold / U.S. Dollar
589 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
Very fascinated
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NickCoulby PRO NickCoulby
Solid work!!
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HI time what is zoar view on gold now my idea is long if price break 1259
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Good call Tim!
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Hi Tim. Slightly confused. What if it does break the 1250 barrier? What's the call then?
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timwest PRO bickster73
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
Hey Tim
2014/09/09's low under 1250, but not close price - would you still consider going long, if we move up?
Reply
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.
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gegau timwest
Thanks, Tim
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Hi timwest Hope you are fine thak you
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