Gold MA crossed over in a bullish + cross at 8:00 am this morning and Gold blasted off $15 just after opening .
Then the MA crossed over 11 hrs. later right at 7:00 pm to form a bearish + cross and price action has moved down just like the cross suggest .
The two golden ellipses depict these crosses.
The volume would suggest weakness in Gold as i'am writing these comments.
Today's price action in Gold like i suggested it would for M & T when the currencies i suggested to watch when they went up Gold went down and when the two suggested currencies went down Gold went up.
I made comments on Fridays analysis chart & possible price action for M & T Gold trends.
12 hours ago Repost
Comment: 2 hours ago
Comment: Currencies that influence Pm has shot up, this will put pressure on Gold & Silver today to say the least.
Yes these Currencies i mentioned earlier have since paired most of their gains witch is bullish for PRime Metals such as Silver & Gold !
Then the MA crossed over 11 hrs. later right at 7:00 pm to form a bearish + cross and price action has moved down just like the cross suggest .
The two golden ellipses depict these crosses.
The volume would suggest weakness in Gold as i'am writing these comments.
Today's price action in Gold like i suggested it would for M & T when the currencies i suggested to watch when they went up Gold went down and when the two suggested currencies went down Gold went up.
I made comments on Fridays analysis chart & possible price action for M & T Gold trends.
12 hours ago Repost
Comment: 2 hours ago
Comment: Currencies that influence Pm has shot up, this will put pressure on Gold & Silver today to say the least.
Yes these Currencies i mentioned earlier have since paired most of their gains witch is bullish for PRime Metals such as Silver & Gold !
Comment:
If Gold on the morrow falls Below $2011.5 and stays below than it will also establish a new bearish trend and will most probably slip below the $2000 mark fairly easy. Shorting at this time and juncture would be the logical and prudent thing to do! :-)
Comment:
This comment is from another traders Gold chart that i made, but i got no response maybe we will all learn from respectful intelligent comments like mine and a myriad of other bright traders Charts & Comments ???
8 hours ago
If the dollar retraces it's recent high less say $93.66 and Breach's over 93.73 Gold would have a major (re-track-ment) of $2000 to $1977 arena is possible
Let us not be to prideful and envious of Traders on this website and put such nonsense aside hundred of traders on this site due fantastic Charts & Analysis with brilliantly written documented comments. Its okay ImO to be respectfully critical of somebody's chart analysis only when the outcome that someone learns from it.
True Example, when first started using tradingview.com alittle over a year hinder i would make respectful comments to a trader who was a master chartist for several months trying to learn my way around on t.v. and i studied all his charts in great detail those charts were beautiful but i noticed (some things about them i did not like.) I would for months and today still do tell him how concise and simply intelligent his charts were but his perception on charting changed dramatically in great way. One day up and told him in critical and respectful way to approach his charting differently i think he got mad & did not respond to any comment i would make of his chart nice and supportive comments. He new i was new to the tradingview , but i never told him i was not proficient in trading just to the site. To get on with the story is one day several months later after stopping my comments, i did notice him making changing in his charting technique and where they some of the best on this site. Remember i did not know him he did not know me he was upset . He realized i just might be right and improved his charting any-how i made a comment to the fact that what an smart looking charts and since you are doing things in such a intelligent way i have the upmost confidence in it now. And we both like and comment like the best of friends.
This story is for all on TradingView.com we all learn from each other and try to help one another, even if its respectful critical analysis. When i critique someone else Charting and or comments it's for the betterment used with respect and critical thinKing there should be know problem, if the person being critic feels he has been wronged unjustly then he can explain his thoughts. I'am for learning and improving every minut of every day and with critical thinKing is the key for elevating higher learning.
8 hours ago
If the dollar retraces it's recent high less say $93.66 and Breach's over 93.73 Gold would have a major (re-track-ment) of $2000 to $1977 arena is possible
Let us not be to prideful and envious of Traders on this website and put such nonsense aside hundred of traders on this site due fantastic Charts & Analysis with brilliantly written documented comments. Its okay ImO to be respectfully critical of somebody's chart analysis only when the outcome that someone learns from it.
True Example, when first started using tradingview.com alittle over a year hinder i would make respectful comments to a trader who was a master chartist for several months trying to learn my way around on t.v. and i studied all his charts in great detail those charts were beautiful but i noticed (some things about them i did not like.) I would for months and today still do tell him how concise and simply intelligent his charts were but his perception on charting changed dramatically in great way. One day up and told him in critical and respectful way to approach his charting differently i think he got mad & did not respond to any comment i would make of his chart nice and supportive comments. He new i was new to the tradingview , but i never told him i was not proficient in trading just to the site. To get on with the story is one day several months later after stopping my comments, i did notice him making changing in his charting technique and where they some of the best on this site. Remember i did not know him he did not know me he was upset . He realized i just might be right and improved his charting any-how i made a comment to the fact that what an smart looking charts and since you are doing things in such a intelligent way i have the upmost confidence in it now. And we both like and comment like the best of friends.
This story is for all on TradingView.com we all learn from each other and try to help one another, even if its respectful critical analysis. When i critique someone else Charting and or comments it's for the betterment used with respect and critical thinKing there should be know problem, if the person being critic feels he has been wronged unjustly then he can explain his thoughts. I'am for learning and improving every minut of every day and with critical thinKing is the key for elevating higher learning.
Comment:
8 hours ago
If the dollar retraces it's recent high less say $93.66 and Breach's over $93.73 Gold would have a major (re-track-ment) of $2000 to $1977 arena is possible>
I will critique my own comment i made on his gold chart and update fairly & honestly and together we will see how accurate this comment is and was ??? > Megalo . The DXY this hour was close to breaching $93.73 it went is high 93.72 and guess what happened it faded down to a low $93.53 at present it's $93.56 10:12 pm. The most important thing that happened is Gold went from a low of $2014.37 back up to $2022 nothing else that i could detect changed a whole lot.
To know Gold's price at different times is good but not the whole barn of yarn as Mom used to say. The second thing i look at is why and put on my Sherlock double brimmed monstrosity & my magnifier glass try to find three reason's for price movement if it is something out of the ordinary ! most of the time i find two and hypothecate about one because i know the falling tree makes sound in the forest even if no ones there to hear it.
If the dollar retraces it's recent high less say $93.66 and Breach's over $93.73 Gold would have a major (re-track-ment) of $2000 to $1977 arena is possible>
I will critique my own comment i made on his gold chart and update fairly & honestly and together we will see how accurate this comment is and was ??? > Megalo . The DXY this hour was close to breaching $93.73 it went is high 93.72 and guess what happened it faded down to a low $93.53 at present it's $93.56 10:12 pm. The most important thing that happened is Gold went from a low of $2014.37 back up to $2022 nothing else that i could detect changed a whole lot.
To know Gold's price at different times is good but not the whole barn of yarn as Mom used to say. The second thing i look at is why and put on my Sherlock double brimmed monstrosity & my magnifier glass try to find three reason's for price movement if it is something out of the ordinary ! most of the time i find two and hypothecate about one because i know the falling tree makes sound in the forest even if no ones there to hear it.
Comment:
Gold fell during the night & early morning hours $1983.61 but the Dxy fell also to a low of $93.32 this is a new phenomenon on me, Plenty of technical violations have occurred. Gold has paired early morning loses and came back up to around $1997.58
It Seems other outside or unknown forces are at hand manipulating Gold's price action and the investigation's afoot Don the double billed monstrosity Cape & Magnifier Glass and away we go into never never land ???
It Seems other outside or unknown forces are at hand manipulating Gold's price action and the investigation's afoot Don the double billed monstrosity Cape & Magnifier Glass and away we go into never never land ???
Comment:
Sherlock will keep us abreast of any new discoveries & updates he his astute confidant Dr. Watson might find ???
Comment:
This New Phenomenon is baffling the Great Sherlock Holmes and his Genius, but he is concentrating on what he does know the Dxy keeps falling to fresh new lows it's 93.25 at present it has not been this low since Friday 8/7/20 and falling and gold is off its low's about $9 still below the proverbial line in the sky of 2 grand ??
Comment:
What is it! Holmes shouts to Dr. Watson and he in his overly exited state of mind Blurt's out Gold is falling once again Sherlock ???
Comment:
11 hours ago
Comment: 8 hours ago
If the dollar retraces it's recent high less say $93.66 and Breach's over $93.73 Gold would have a major (re-track-ment) of $2000 to $1977 arena is possible>
Yes boy did gold have a major retractment it's presently at $1942 of it's low $1937 ******WoW******
Comment: 8 hours ago
If the dollar retraces it's recent high less say $93.66 and Breach's over $93.73 Gold would have a major (re-track-ment) of $2000 to $1977 arena is possible>
Yes boy did gold have a major retractment it's presently at $1942 of it's low $1937 ******WoW******
Comment:
For the most part Gold and the currencies that influence it's pricing played out like more or less expected them to behave and act.
I do Think we will be seeing a lot more downside to come in gold $1782 comes to mind could go lower on the morrow then probale bounces back up some!
Post market has almost already taken out $1900 mark and probably go down sharply in Asia's session $1850 - $1806 possible! :-0
I do Think we will be seeing a lot more downside to come in gold $1782 comes to mind could go lower on the morrow then probale bounces back up some!
Post market has almost already taken out $1900 mark and probably go down sharply in Asia's session $1850 - $1806 possible! :-0
Comment: Gold is suffering a negative divergence once again, no buying for now! Yes golds younger sister Silver is still buy able but i recommend not buying at this time and wait for a much more stable entry point. Even short position's at present are weak and not worthy of a buy either. If you are short in a position hold on to them until common sense and logic dictates otherwise?
The risk reward ratio are out of kilter because of a multitude of reason's waiting for a more prudent entry is the intelligent thing to do at present !! As always Good & Fruitful trading! :-)