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Trade active:
Added gold to shopping cart ( quantity 1 )
Have two more places in this zone.
Have two more places in this zone.
Trade active:
Advise to move SL to BE if you have 1237.00 entry.
Comment:
8$ in green already feels great
Comment:
Gold soon reach 1248 target. Advise to take of some profit there and run the rest position with the BE as previously.
Comment:
11$ in green will be then.
Comment:
Seller has delivered your purchase, and target 1 is attained.
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Comment:
Since people request my view in this new month, well I am not that good at long term projections, but I do know that gold has a PV target 1430. My older followers know it too. We reach 1180 but we are yet to see 1430.
As for this month for nobody have a secret that March is bad month for gold bulls, as well my dynamic system is not a lot in favour for it, and there is a clear sell pressure based on levels, but I do see some bull in it anyway. Intraday levels are accumulating it and pip difference between dollar resistance and gold support is suggesting the same.
For this month keylevel now is 1259.
If it is broken it open door to 1277, and if 1277 is broken we should then without any probelm reach 1304.
But you do know I am intraday trader and intraday is my element, so I trade daily what I have on chart and care less where the gold is after a week or 2.
As for this month for nobody have a secret that March is bad month for gold bulls, as well my dynamic system is not a lot in favour for it, and there is a clear sell pressure based on levels, but I do see some bull in it anyway. Intraday levels are accumulating it and pip difference between dollar resistance and gold support is suggesting the same.
For this month keylevel now is 1259.
If it is broken it open door to 1277, and if 1277 is broken we should then without any probelm reach 1304.
But you do know I am intraday trader and intraday is my element, so I trade daily what I have on chart and care less where the gold is after a week or 2.
Comment:
As well if you look back at this chart, you can clearly see we backtested alteration decision zone, so why should there be any problem to slowly attain our PV target.
But with gold you never know
But with gold you never know
Comment:
And last but not least to add on bullish sentiment 1236.8 did some magic based on montlhy data.
postimg.org/image/4kb3v4mtr/
Like intraday the same for month wekk or whatever timeframe you are looking at, first move decides the sentiment.
After close on opening we always watch first move, if first move is up to certain pivot then sentiment for the day is sell, like today first move was up and was good for sell, if first move on opening is down to a certain level it is good for buy.
That being said, start of the month first move down to keylevel means something.
So let's just watch how it is performing.
postimg.org/image/4kb3v4mtr/
Like intraday the same for month wekk or whatever timeframe you are looking at, first move decides the sentiment.
After close on opening we always watch first move, if first move is up to certain pivot then sentiment for the day is sell, like today first move was up and was good for sell, if first move on opening is down to a certain level it is good for buy.
That being said, start of the month first move down to keylevel means something.
So let's just watch how it is performing.
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