There are myriad of very notable points, in my Gold Chart Depiction!!
i'll start out with a handful or soo !!
Points:>
1st (yellow line) - The proverbial line in sand.
2nd (white line) - Basic support for Kachina Star Zone. 1st point (yl) being resistance.
3rd (angled white line) - New trend line . ***
4th (point on rocket) - Is $1922 - $1927 "for the high & low" price arena it could denote Gold's price move on Tuesday 7/28/2020- 7/30
5th (rocket's mass ) - Is the culminations of all the points that i most astutely provided.
6th (rockets exhaust) - Represent two contrasting but vital data points ?
a) Is propulsion & momentum !!
b) The exhaust or vector's pointing to three case scenario's depicting golds
possible retracements ???
I will be doing updates for my Speculatory or Spectaculartory Gold charts in the future where it's feasible practical and logical !!!
i'll start out with a handful or soo !!
Points:>
1st (yellow line) - The proverbial line in sand.
2nd (white line) - Basic support for Kachina Star Zone. 1st point (yl) being resistance.
3rd (angled white line) - New trend line . ***
4th (point on rocket) - Is $1922 - $1927 "for the high & low" price arena it could denote Gold's price move on Tuesday 7/28/2020- 7/30
5th (rocket's mass ) - Is the culminations of all the points that i most astutely provided.
6th (rockets exhaust) - Represent two contrasting but vital data points ?
a) Is propulsion & momentum !!
b) The exhaust or vector's pointing to three case scenario's depicting golds
possible retracements ???
I will be doing updates for my Speculatory or Spectaculartory Gold charts in the future where it's feasible practical and logical !!!
Comment:
I made this chart using a daily timescale or time-frame, perhaps for more objectivity of the animal i'm studying. So to get a broader view of the big picture or any possible glimpses of future Gold's undulating price wave gesticulation's signals ??? :-)
Comment:
Re-Post Jun 26
Comment: One thing i did not Discuss today in my analyzing Gold going up to the price arena i have stated in above comments is realistic and highly probable. So keeping a little insurance like by buying some shorts today would logically be excellent hedge against anything going amiss. :-) That would be conducive from a day traders perspective. Myself being a swing trader hold short and sell off and or buy more or vice versa is more my style.
Comment: One thing i did not Discuss today in my analyzing Gold going up to the price arena i have stated in above comments is realistic and highly probable. So keeping a little insurance like by buying some shorts today would logically be excellent hedge against anything going amiss. :-) That would be conducive from a day traders perspective. Myself being a swing trader hold short and sell off and or buy more or vice versa is more my style.
Comment:
RePost Jun 29
Comment: Expulsion Propulsion Velocity are key to Golds price travels in the near term future !!
Comment: Expulsion Propulsion Velocity are key to Golds price travels in the near term future !!
Comment:
Comment:
Idea RePosted form 11/2019 Depicted on the daily timescale "Cup-n-Handle" has formed once again in the weekly time frame now !!! What could this prognosticate ???
Comment:
10 / 30 / 2019 correction for My Cup-n-Handle chart ! :-)
Comment:
RePost Jun 24
Comment: Miners having a negative divergence with the fantastical high Gold price at this time & juncture !!!
Comment: Miners having a negative divergence with the fantastical high Gold price at this time & juncture !!!
Comment:
RePost Jun 26
Comment: Looks like good positioning one just has too be patient here the risk reward is acceptable. On the counter perfect charts perfect geopolitical realm all say higher which most traders are long i do believe the herd mentality is long at the present ??
Comment: Looks like good positioning one just has too be patient here the risk reward is acceptable. On the counter perfect charts perfect geopolitical realm all say higher which most traders are long i do believe the herd mentality is long at the present ??
Comment:
RePost Jun 26
Comment: On a daily time frame the analysis calls for a pullback 1753 down as far 1746 arena near term, there is also severe gaps too fill in some of the major miners as well. Given you buy paper miners or the most popular etf's . If one is trading gold in futures be ready for severe volatile whipsaw portfolio erupting (stay away from the futures danger options are much worse!!!) I believe the powers to be are setting up a major bull trap and creating the illusions or thirsty mirages and given an allusion for all traders of a strong bull leg up ,too all new high's with the current geopolitical tensions Chinese Communist Party (CCP Virus) and our on racial apologetic overdone Nation. It seems to be the perfect storm, in favor of bulls. I'm still in the camp of Leonardo it must retrace with a 76% retracement before building any relevant new highs taking place. Too sum things up and to clarify keep your shorts and add to them where its practical and logical to do so, that's my advice and that's what i'm doing here also. As always Good and Fruitful Trading !!
ie... fra978 (KISS) Keep It Smart & Simple :-) Megalo>
Comment: On a daily time frame the analysis calls for a pullback 1753 down as far 1746 arena near term, there is also severe gaps too fill in some of the major miners as well. Given you buy paper miners or the most popular etf's . If one is trading gold in futures be ready for severe volatile whipsaw portfolio erupting (stay away from the futures danger options are much worse!!!) I believe the powers to be are setting up a major bull trap and creating the illusions or thirsty mirages and given an allusion for all traders of a strong bull leg up ,too all new high's with the current geopolitical tensions Chinese Communist Party (CCP Virus) and our on racial apologetic overdone Nation. It seems to be the perfect storm, in favor of bulls. I'm still in the camp of Leonardo it must retrace with a 76% retracement before building any relevant new highs taking place. Too sum things up and to clarify keep your shorts and add to them where its practical and logical to do so, that's my advice and that's what i'm doing here also. As always Good and Fruitful Trading !!
ie... fra978 (KISS) Keep It Smart & Simple :-) Megalo>
Comment:
I believe my last RePost of Jun 26 is just as viable (today) as it was in the (Past) and will be so in the near to medium term (Futures) ???
Comment:
Well i guess will call Golds parabolic & meteoric blast up Spectacular Gold is no longer Speculartory ! :-)
Comment:
Sunday night Gold blasted past my proverbial line in the sand and blasted out of the solar system past my new trend line !!! :-)
Each time Golds rose above my trend since November 2019 it stayed bullish for approximately three days is this one of those times ???
i will keep you posted !!! :-)
Each time Golds rose above my trend since November 2019 it stayed bullish for approximately three days is this one of those times ???
i will keep you posted !!! :-)