MetalCruisers
Long

GOLD / The mistery 1265 / Temporary Bottom?

FX:XAUUSD   Gold/U.S. Dollar
If you are my follower u know that 1265 was what I called, but it became a mistery as I still research Transitions and timing.
There are fast transitions, and the ones that represent long cycles.
Market finally came down to see the 1265.
I call this a temporary bottom for gold             , and will go short only if 1262 broken giving new transition targets.
I said in my idea that bull is not fully released and if this wants to go up to some new fresh highs, it has to see 1265.
I am long from 1263, if Gold             bulls want to drive gold             up, you have chance now.
I still see the upper Permanent volume target to come first.
Comment:
GOLD / 1430 n 1180 / Reaction.
Comment: This is what Trump has to say about my idea - https://media.giphy.com/media/xTiTnHXbRoaZ1B1Mo8/giphy.gif
Comment: These transitions are always seen but you saw how long it took for 1265 to come.. This is what I still have to research and practice to know which transition belongs to longer cycle.. It takes years to understand and it is hard.. usually they are seen very quickly, but sometimes there are transitions that takes time to see. It is based on how they are broken, and depends on, do market come from target, or broke transition and didn't see the target. It is brainstorm guys. I will master it some day!
I am not sure will gold go up.. it can break 1262.. but 1265 was the temporary mistery target down here.. and since I am long I hope gold will not break lower to give new targets, because if we break 1262 - 1250 is on table, if we break 1250 - 1238 is on table.
Let the gold lead us now.. if it wants to go up.. it is the time, if it doesn't then break 1262 and let me short!
Trade active: Long from 1263 is active.
SL 1260
TP open
If 1262 broken, then flipp to short for 1250
Trade closed: stop reached: Stop reached! 1250 on our bear table guys!
Comment: Although this can be a fake too.. Give it some hour to develop.. This can be well played BS for now lol
Comment: Seems we have a nice fake break below 69. haha.. what a joke. Let's see where this closes.
Comment: Let's wait the NY close to say what is going on.. if it cross back above 74.. bull is confirmed.. For now that break below 62 was fake, stop loss killer.
Comment: Confirmed break should tag 1250
Gold should rise minimum to 1290.4 (possibly also 1303.4) and on this level I go short again with target 1211.50 and 1204. 5

Now am long with
1. TP 1290
2. TP 1303
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Bullion banks ( 5 major players with their counterparty at BIS) made an absolute killing today at Comex casino..no wonder they were loading shorts prior the election results..i have also re-loaded after NYSE close..and buying JNUG as im writing this..we.ll open with gap ,most probably in pre-market today as on the 9th..Good and profitable trading today!
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MetalCruisers leonarddavidson60
@leonarddavidson60, I am short on gold
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leonarddavidson60 MetalCruisers
@TPparadigma, congratulations !!! it was very good ultraday call..unfortunately,due to Asian timeframe where im based, i can only trade on NYSE in open or pre-market ...that is why im more of a swing trader ..still,i see gold pushing to 1265-1275 in NYSE day sesson on my charts..but current whipsaw action at the moment can be played both ways short and long..the amount of short contracts ,in my view,has been largely exausted by bullion banks in last 2 days..if history of their HFT trading may serve as any guide,they would try to get back on longer side before the end of day session in New York..because it is a last trading day of the election week..and on Monday their trading desks should have a new gameplan scenario to execute..
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Agree, the DXY and market will top at last week of November and then gold will shoot STRONGLY cica 1430 by mid December. Santa's rally. DXY at 102 and then tanking, HARD.
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Noticed Silver hasn't budged. It's still over 18.5
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Amazing how price acts after elections ... technical methods are not working well these days ... better to stay away
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ja.piotr.bor Mannnassser
@Mannnassser, for me this is enough.
http://www.cnbc.com/2016/11/10/goldman-says-ride-the-reflation-trade-on-trumps-victory-by-selling-bonds-buying-gold.html

If Goldman said this - do otherwise for now at least...
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MM had a great time today with GDX..
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Maybe selling is stronger for now...
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