YaKa

Gold - Buy? Do the contrary than what perfect TA suggests

FX:XAUUSD   Gold Spot / U.S. Dollar
545 19 5
Falling to 900 would be too academic.

The chart screams short because of the Apr13 experience. It may be a beautiful trap.

My Feeling: buy

How: stop 1110 on close

Acknowledgement:
I was neutral in 2014 as i felt a collapse was possible.
Then i tried to buy 1275 stoped 1230 - lost 80bp
Then i tried to buy 1206 in smaller size and i am still long - will stop 1120 (would lose another 80bp)

if it jumps it will be a long ride up and I will add on the way.
maybe you are right, however, i got pic derived from my previous idea which speaks short

weekly pic is still weak, in daily, volume at support 1150 was nothing extra, now at ema34 retrace, good place for short reentry, same daily popup as in Jan15 occured in Sep12, just before breakdown, we are well below ema200, but needs to clear 1145/1155 poc zone

check site timingcharts.com you can display commercial shorts or net position, they had huge short positions in Jan15 decreasing sharply but still holding a lot

snapshot
Reply
TAKE OFF.
Reply
Big bounce on $HG monthly from 200ema as well........ reflation trade back on?
Reply
YaKa PRO Justiceisfalse
HG?
Reply
Copper
Reply
YaKa PRO Justiceisfalse
Copper ok.
Not sure about the reflation but maybe metals are not diving yet (anymore).
Reply
My target is 1026 based on this analysis and the spike of 3 March 2008 - but I have both long and short positions!
snapshot
Reply
Ah, that would be an even more complex scenario - yes falling here but not completing - Possible too.
It would allow shorts not to lose money.
There is a fight between long term investors who keep buying it and hoping and the day traders who do TA and mostly believe in the short.
Reply
pezq YaKa
The flip area between September and October 2009 also gives some strength to this scenario
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out