GOLD / Erasing the Shakeout / Intraday

This close was important on the Intraday basis.

If we can Get over 1302 - 1304 area we can test 1310.6 pivot.
And if so there will be a chance to test 1318 as well.

One can buy with SL below 97.
Personally, I will consider a long entry at opening based on the first move behavior.

Comment:

Downside If 1297 broken - 1285

Trade active:

prnt.sc/gnoiwm

1301.45.


Since I started talking about 2-100k challenge by trading Gold intraday my PM box is exploding:
prnt.sc/gnopal
I can't answer each and everyone the same question. 216 messages. If I will spend for example 2 minutes on each message It will take me 7.2 hours. I don't have so much time on my hands!
Will it be some sort of a service?
NO
Will it be paid?
NO
How do I see trades?
Investors login + trading view ideas posted here showing which levels I'll be looking at.
Once again I will update my status page.
I am working with Tradingview on some things before I can go live.
So there is no need to write me the same question all over again.
Patience, and thanks for your support!

Trade active:

Based on recalculation with floating low, I don't think it can be counted as a break. I would prefer 12 cents more.

Comment:

The upper level is 1297.2 and the lower level is 1296.9 the difference between these two is 0.3. So given the low 1295.7
Break of 1296.9 by 1$ is 1295.9.
Current L is 1295.7
But the difference 0.3
L would prefer 1295.5 1295.4 to be clear.
I take the difference just because like I have said I lose 0000.70$ on calculations.
Anyway, Let's see!
Below 1302 anything can happen!
Above 1308 1310 remains!

Comment:

And of course, the first move down is good after the opening.

Trade active:

After the clear break of 1296 on Pullback two sells active @ 1296.5 and 1297.7
Stops moved to BE.

Comment:

Comment: Downside If 1297 broken - 1285
####
If 85 reached trade will be closed.

Trade closed manually:

I have closed the Sell manually here after recalculation!
Done for the day!

Comment:

Chances are to reach 1302 now.
But I'm flat

Comment:

Today account for 2-100k challenge was opened! And to get me started I opened the first trade on it. So once the investor login is issued you know why it will be more than 2k. Account history will be available anyway!

A friend of mine told me that 2-100k challenge is not hard. Just deposit 98k and you're done! :D:D LOL
Anyway, 1st trade is in the book! It is always an interesting feeling when you have a fresh account, and you need to get over that very first trade!

Comment:

We should reach 1294 if we do that means we break 1292 if so that means we could go higher to 1298.
Other than that 94 can reject and send it back down!
Trade is active right on opening and will be secured with BE right away!

Comment:

But of course, to reach 94 has to break 92, lol

Comment:

92 broken so 98 is a possibility now

Comment:

and if 98 broken then 1304

Comment:

Before Signing out. I am not a fundamental expert, nor I use them in my trading, but even the stupid that I am I know Fed balance sheet reductions are irrelevant when BOJ, ECB, BOE are still printing enough to keep all the world’s assets rising.
So once the market realizes that is when all these shakeouts all over the place are erased! Take care.

Comment:

98 achieved. Stops for 92 buy ( taken on 2-100k acc btw ) moved to be.

Comment:

With reaching 98 we broke 97 tendency level.
Chances are fot gold to travel little higher after this pullback.
1304

Comment:

If gold wants bull it should close above 1300 today.
Below 1298 close is very bearish.
Good Luck and great weekend