If Gold remains up above 1300 then target for today is 1331 and high..
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Todays target has been hit.. 1331
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Gold can target 1348 and 1353 today.
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This was not expected but since we can only project things and then let market to make it.. so now on flip side there is possibility of fall again 1316 or even 1302... Lets see as today is friday and I dont expect that fall either but once again final decision is of market.
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For Monday, if gold remained below 1328 then it can revisit lows again towards 1311. Break of 1328 would be positive.
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As said earlier, if gold remains below 1328 then it will go for lows again.. so it has taken downside now lets see where it heads for now..
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Double bottom and W-Shape pattern is in process.. Daily closing will be interesting. Going above 1325 would be interesting.
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Today, we have good resistance at 1324.89 and then towards 1330. As far as gold is now above 1300 it will remain bullish..
Also, there can be spike down exactly towards 1300.. which i think will be for buy orders.. as far as 1290 holds.. I am bullish.. going below 1290 will bring consolidation but I dont see deep retracement down.. bullish patterns are still valid even if it goes 1300..
So keep that in mind.. moving stop to 1290.
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Dont miss this upside fellows.. i think we are done downside.. Going above 1334 would be very bullish and will drive many new buy stops..
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1363 is now next stop...
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We have good resistance close to 1347 - 1350 that can send prices for pullback towards daily pivot which is at 1332.5
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As said earlier.. it was expected that gold could turn down to towards 1333... lets see now how deep does it go more..
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Late update on gold as i was totally into usdjpy..For today gold upside is finished after reaching 1344 in asian session..
So gold can slump today towards 1325 and 1315 even...
If someone interested in sell.. then sell keeping stop 1346.
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Guys as far as gold is now below 1339.. bearish pressure will remain.. we have US & Canada data on way..
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For monday guys.. it can fall towards 1343 which will be another opportunity to long for again 1355 and 1360. If incase it goes for 1360 first then this setup will be shacky..
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As said earlier that gold can fall on monday but it will jump up again.. so 1343 and 1339 is buying ares.. if seller of gold then sell stop above 1355 with target towards 1343 and 1339
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Gold if remain under 1356 then will fall towards 1347 and 1343.
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Never thought it is going to fall that fast in asian session.. i have my short running as well from 1354.. from double top.. now target will be 1343.. if gold cracks 1347.
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Gold ready to rock n roll now on upside.. stop of buy 1345. And target towards 1360 and 1370
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There goes spike up.. 1362 and 1367 intrday targets
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As far as gold is up above 1347.. it can still target 1371 today!!!!!!! We are going to see crazy day due to BOE.
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Gold kept 1347.. means now 1367, 1371 and 1374 on cards..
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For today, gold can slip towards 1351 below 1370
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Bingo... on spot.. nice downside!!!!!!!
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Hillarious day for USD sellers.. Its always good not to stick one side.. i was on buy yesterday from 1353 and today i was short from 1363...
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What now for golf after such miserable plunge down? It has buy or retracement setup for monday.. buy zone is 1335 and 1325 with stops at 1310 and target towards 1350 and 1355.
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Many big stops at 1310.. lets see how market respect of those stops.. taking out 1310 also means failure of weekly bullish grabber which will be signal for road towrds 1285. As far as now 1310 holds bulls will remain active.
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Gold same story as yesterday... bounce is expected and that bounce can make gold bullish again.. because we have bullish setup on weekly chart... BULLISH GRABBER!
Bulls need to hold 1310 for that bullish grabber.. i am now only long... no selling..!!!!
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If this bullish grabber holds of weekly then targets are 1390 and 1435.....!!!!!!
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Tripple bottom and bounce..so what now..? As said earlier gold is havi g bullish setup on weekly with target towards 1410 and 1435 if 1310 hold.. so now we have jump.. i will update again upon daily close..
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So weekly bullish grabber still holding downside.. get ready guys for highs to test again.. 1390 on way
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If there will be retracement then it will be towards 1345 area for going long again
Hello. 2nd Brother he found this to gold will look like in the Asian session and the European session, please. I lost 6 truss Thursday already. I hit up the gold down to 1335. I'm suffering too =. = Thank u so much.
newbie2016
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Well dear.. i am bullish on gold..as i shared my chart and it has hit my targets and for trading intraday.. i am not always bullish as trading is not one sided.. so keeping that in mind i have always shared my views for sell side as well with targets.. i was bullish on gold on Bank of England rate decision and went long from 1353 and then i was short on NFP day..i shared my views under chart before data..so for Monday gold is expected to hit 1350 and 1355... buy area is 1335 and 1325... stop 1310. Good luck!
XiaJi
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oh, thank you so much sir. I live in Vietnam and I buy real gold (gold was locally sir) than gold on the floor playing the world like him. Thursday 6 weeks before you lose then you sir. US NFP news devastated. =.=
newbie2016
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Then its a different story.. you can then keep physical gold as it is expected to turn up after some time.. long term gold is very bullish.. i read yestetday China and Russia are more buying gold.. so keep it for future..
XiaJi
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Thanks for answering.I am waiting for the recovery of gold after the 6th day past dark. But yesterday and today it remains in position 133x. Do not know gold will rise or fall in the US session tonight and tomorrow and the next day. Since the 6th day I buy physical gold when it is in a position 136x. I am very worried because now I'm more losses.
newbie2016
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Physical gold is something else.. you dont need to worried as its a good investment for long term.. but i think you trade physical gold for short term.. well dont know what to say but i prefer buying physical gold even at high prices snd keeping for long term.. 5 to 10 years or more high.. Now regarding technicals.. as far as 1310 now hold.. bullish setup of weekly bullish grabber will hold and upside targets are same 1370 and 1410.. but if 1310 gone.. then grabber will fail and down move will accerlate..
XiaJi
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Yes. Thank you for your interest and give me advice. It is true that I played short physical gold. Not too long kind sir hold 5-10 years. According to this week or next week you can break through the top of gold in 1375 was not? If spot gold broke through in 1310, the right was also dropped 128x more. I still worry. If gold broke through the top of 1375, I had the opportunity to sell more can break even with little interest. =.= thank you very very much.
Kadhijah
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wonderful..!
KonstantinPodgornyi
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Dear friend, you obviously lack the knowledge of the scope and method of Wyckoff - Wyckoff Andes BCA method, we have an uptrend, we left the outset, the market operator had a lot of options sold calls and 1350, they are today ekspiriruyutsya and the price will go higher.
newbie2016
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Hello.. thx for your comment.. first of all i am bullish on gold then today is friday and gold twice tried to clear 1345 but unable.. now it has fallen below 1332 and trading below 20 ema of 1hr..
So the thing is why we have to stay only on 1 direction? I like to go with flow of market and thats it.. i closed many of my positions in asian session at 1343 and still long.. but i want to say we have to be open minded not rigid for 1 side... In US, i know is problem of not hedging but here in europe..
So in my update check all above my msgs i give both side targets cuz all are not buying and all are not selling. Thanks!