Hi.
As per JAFR Thursday - Friday is important days when it comes to frequency analysis.
Market moves like waves and each wave has it's own frequency, and wave lenght.
In last Idea update I told you I reckon that today Wednesday we should have bullish frequency rollover, that happen. Not the strongest one but still it occur. It's like snake changing skin ( lol ), the same does market, when intraday levels are getting to tight and nothing changes, explosion follows and path changes. We have huge pivot and level pressure from above, since every intraday level never suggest good enviroment for bulls, in such cases explosion happen upwards, the same vice versa.
Gold did a rollover in new Phase. New phase next H is 1234 ( is where I told you I will add to buys )
Generally gold entered new phase and as always it needs to test back old frequency pivots and transitions.
Funny enough that gold left 1168.6 unseen that should be tagged, but interesting part is that 1168 in general become old frequency pivot as well that gold need to tag now and reverse up.
Most important thing is that gold need to reverse after it tags red box ( 1168 - 1161 ).
Because if gold breaks old frequency pivots, it will invalidate new frequency rollover and lead to possible gold drop to complete the downward phase fully.
What means if gold breaks 1161 it will attack 1156 and smash it leading to 1133 - 1120.
So now gold is in front of decision based on frequency analysis.
Either we test 1168ish area max to 1161 and move up, either we break old frequency tag and drop.
Meanwhile dynamic temporary target 1383 and Permanent Volume target 1430 is on cards suggested by other templates, and I have a full faith gold is to complete it.
When gold was above 12xx I wasn't sure it can drop to my targets 1193-1180, but I was sure even if it drops, will be back up to met atleast 1383-1393.
Let the Gold do the Job.
Meanwhile DXY short trades running as well since the same frequency rules and terms apply to it too, but I won't get in to that
P.S the worst case we can have is move up without seeing 1168.6. It will be the same story that we had with 1265 back in the day. Means gold drop no matter how high it goes.
As per JAFR Thursday - Friday is important days when it comes to frequency analysis.
Market moves like waves and each wave has it's own frequency, and wave lenght.
In last Idea update I told you I reckon that today Wednesday we should have bullish frequency rollover, that happen. Not the strongest one but still it occur. It's like snake changing skin ( lol ), the same does market, when intraday levels are getting to tight and nothing changes, explosion follows and path changes. We have huge pivot and level pressure from above, since every intraday level never suggest good enviroment for bulls, in such cases explosion happen upwards, the same vice versa.
Gold did a rollover in new Phase. New phase next H is 1234 ( is where I told you I will add to buys )
Generally gold entered new phase and as always it needs to test back old frequency pivots and transitions.
Funny enough that gold left 1168.6 unseen that should be tagged, but interesting part is that 1168 in general become old frequency pivot as well that gold need to tag now and reverse up.
Most important thing is that gold need to reverse after it tags red box ( 1168 - 1161 ).
Because if gold breaks old frequency pivots, it will invalidate new frequency rollover and lead to possible gold drop to complete the downward phase fully.
What means if gold breaks 1161 it will attack 1156 and smash it leading to 1133 - 1120.
So now gold is in front of decision based on frequency analysis.
Either we test 1168ish area max to 1161 and move up, either we break old frequency tag and drop.
Meanwhile dynamic temporary target 1383 and Permanent Volume target 1430 is on cards suggested by other templates, and I have a full faith gold is to complete it.
When gold was above 12xx I wasn't sure it can drop to my targets 1193-1180, but I was sure even if it drops, will be back up to met atleast 1383-1393.
Let the Gold do the Job.
Meanwhile DXY short trades running as well since the same frequency rules and terms apply to it too, but I won't get in to that
P.S the worst case we can have is move up without seeing 1168.6. It will be the same story that we had with 1265 back in the day. Means gold drop no matter how high it goes.
Trade active:
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Comment:
Can try to go short from 75ish targeting 68.
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FYI I am not shorting this myself, just pointed out possible short trade, that can hit SL as well. You know I have heavy long positions and I am not shorting it.
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Yesterday 1168.6
I really don't want gold to go up without testing 1168 and doing Frequency tag in general.
That will lead to bull failure from higher levels again.
Let's see will gold turn down from 1176.9ish.
I really don't want gold to go up without testing 1168 and doing Frequency tag in general.
That will lead to bull failure from higher levels again.
Let's see will gold turn down from 1176.9ish.
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If you went short your SL is hit on this one.
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If this is going up, I don't like it, just because then we get a " 1265 " story.. ehh..
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I am not saying to try and desperately short this just because of 1168.. I hold my longs and fine that gold go up.. All I am saying is it is not a healthy bull if it go up.
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I closed 100.14 short entry on DXY in profit earlier today in profit because I believed DXY can provide with a better short entry. Meanwhile 101.40 running. I will add to dollar shorts when I feel it's time to resume total of 25k in positions.
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Come down to daddy Gold.
Trade closed manually:
DXY trade was closed just before ECB meeting since I needed Gold down to frequency range I thought ECB could bring USD up. Took total of 23k n something out from this short. Dxy is creating 4th slope and will give 2nd chance to enter already with initial tp 93.90.
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