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chartwatchers
Mar 17, 2017 8:24 AM

GOLD - Pennant Long

Gold/U.S. DollarFXCM

Description

Looks like gold is forming a pennant after the FOMC's bounce.
We needed to have one consolidation day before moving higher.
I think today we will get the next leg up..

MACD seems to be crossing over above 0 level, TSI also crossing up at 0 level.
RSI couldn't even get oversold...

Gold looks strong to me this was all the correction we got.

LONG follow through idea
Holding the long position with our perfect entry.

Comment

Breakout.

Comment

Updated the stealth tiger PI. Read it it's important. We are possibly in scenario 3. :)

Comment

We will hit 1248 today. Dont try to short. There will be a higher high on the daily chart.

Comment

1247.50.
Comments
freedom15
DEAR ARPI; You are NUMBER ONE !!!
webmiztriz
excellent job robin hood ;)
stenozar
Hi Arpi, where can I find the scenario 3 you mentioned?
thanks
bhowe
Nice call Arpi,
imfor2014
It was great rally and good profit. Thank you!
Biggles
@chartwatchers Now can you make it do the same with the Gold Miners ^^
TheZabisyu
Phew, so Finally I can get my 1247?
VRShaiju
@TPparadigma, TP where we are going after? I found PaPPa's shoe nearby. Share your thought.
TheZabisyu
@VRShaiju, :D:D PaPPa's shoe.... ahahhahahahaahahaha made my day!! Hilarious thing right there! Thanks for bringing some smile to my face bro! :D
VRShaiju
@TPparadigma, Cheers ..!
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