Gold: The uptrend's cooked?

FX:XAUUSD   Gold Spot / U.S. Dollar
I'm going short gold after closing longs, I'll add if we break under today's low, on close, with a tighter stop as a swing trade.

Good luck!

Ivan 'gold bug party pooper' Labrie.

ps: I'd reccomend against going long gold miners, gold , silver , and others here, risk is very high. Wait for commercial traders to go flat again (like at the beginning of the year)
Trade closed manually: Let's stand aside for now and reasess. We might be able to short higher, but long trades don't look safe either. Last: 1271

We got long today, short term position, looking to unwind and go short higher.

Target is 1294.19

You see why it felt strange at the time.

IvanLabrie InsideMarket
Hi, I don't use Elliott Waves so I wouldn't know.
Did you see my updates?
You caught the long?
InsideMarket IvanLabrie
I didn't catch by only 2 dollar difference between the price and my order.

The following impulse I've just ignored. Too wild for me.

IvanLabrie InsideMarket
That really sucks, sorry to hear.
Remember this phrase: "Don't be a dick for a tick".
It'll serve you well. Problem is sometimes you have to be there watching to market buy.
You'll get it next time, so, not a big deal.
Thanks for stopping by.
+1 Reply
You're selling when I'm trying to go long. This feels strange.
IvanLabrie InsideMarket
Hi, well, we don't always have to agree. No problem.
I just see a very strong bullish sentiment but my technical analysis points to a downtrend at work here.
Have a nice day, thanks for the comments.
+3 Reply
albertwt IvanLabrie
Thanks for sharing the analysis Ivan,
I guess you are right, it will be bearish down especially after the US election when Feds increase the rate as the gift for D. Trump.
+1 Reply
Possibly, yes.
This setup will have more confirmation if price quickly moves under 1255 and makes no new high above yesterday's high before that.
Good luck.
TheZabisyu albertwt
Rate Hike = Bullish Gold.
+2 Reply
IvanLabrie TheZabisyu
Why? If you compare it to the previous hike, you may think that is possible but there are many other variables that changed.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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