Gold 10-14 April 2017 - Correction

OANDA:XAUUSD   Gold Spot / U.S. Dollar
513 10 15
This should be the right chart
Comment: Watch PA around 46-47...
46-47 is not tested yet. And PA has rejected 56 (weekly Pivot) Stay neutral and wait for good entry.
Comment: 1H looks supported at 54. This is not an ideal place to take position. If you must, you can take small longs here SL below 45.
Trade active:

My main chunk of long orders still around 47 but I am not sure if we are going there again when we just closely missed yesterday.

Long entry at 54 and order at above 57 is point of interest.
Trade active: 2nd Long loaded
Comment: Breaking up 1260 (monthly R1) and it will be a good support. Let's see.
Comment: Taken some profit herr at 63. Is the top range of the slope. (orange line). We can reload more longs on rebound or break up.
Comment: News in 25 mins. Get ready to reload long at 62-63 area or 60. Watch the PA.
Comment: We might not get the correction. IF bad news, just load long above 67. and all SL shifted to 57. IF good news, wait for some PA and reload the the mentioned price level above.
I have indicated several long locations with green boxes. And dont forget to add more long above the R1 (1267 area)
Comment: First green arrow (63) reached..
Second green arrow (72) should be achievable soon. Dont forget to take profit at stages and shift up your SL.
Comment: Added 3rd long. 15 mins trading above R1 cleanly.
Comment: Second arrow (72) reached! Take some profit.

Watch this area if break up, use it as launchpad to reload long.. If it slides down, prepare to load at 67.

Loaded 3rd long at 77 area when PA shows it is supported. Now all SL should be below 68 or to be safe, 64.

Remember we are only at the middle of the week. I personally feel this move is too fast. Either it will break 85 by end of the week, or 85 will be a heavy rejection point. Take note of this!
Comment: Third arrow reached! (76) . Waiting for final TP at forth arrow at 82.

All 3 out of 4 TPs are reached. Week is still young.

Watch the Final target of this week and potential reloading area. Close everything on the final flag (4th arrow). Let the market decide to continue heading up or pullback.
Comment: We are at R2 now (yellow line) You can take a bit of profit here and watch for 80. For those not risk taker, you can close all here.

If you want to try higher, wait for 80 then 83. Cheers..
Comment: Those who are still on, put remaining SL at 73. Protect your profit. Pullback can go lower, although I doubt it will hit our SL.
Trade closed manually: 4H candle close is not supporting for more bullish move. I decide to close all now.
Comment: I apologize.. If we stay on the trade.. We even hit the final goal.. Congrats those who stayed on.. (if any)
Damn man, your calls rock. You are king of Gold! :)
RoboCash Viking83
@Viking83, Thanks bro, just showing possibilities of movement and risk management. Glad to help.
Viking83 RoboCash
@RoboCash, I have been watching your calls and they have been spot on for some time. Nice work. You see any retracement on your radar in the coming period?
Good job RoboCash
RoboCash tiagomains
@tiagomains, Thanks, but I still feel we can hit 82~84. But its too risky... Watch 76.. if it can be broken, can go long SL at 73. But I wont be updating this page for the week. Trade is officially closed.
+1 Reply
Remember, it is a short week, with Good Friday holiday the markets are closed. Is this a consideration here? Seems like compressed and accelerated activity ahead of the holiday.
Absolutely amazing vision into the future you have. I am speechless. You are the Supreme Commander. The handle 'RoboCash' is EXACTLY what it is! Beautiful blend of indicators and creative interpretation. I can say no more, my head is spinning. Congratulations, yet again!
@Bo, Thanks bro. I try to be as accurate as possible. But I am a safe trader, only enter/exit upon candle confirmation. Will keep providing more ideas and reasoning on my entries and exits as much as possible.
So does this mean you're not seeing it returned to 1246/47 again before shooting back up??
RoboCash paulymat
@paulymat, Unlikely now, we might miss the chance to long there. However, we can add more longs when we broke 64 and 70 later.
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