GOLD - SHORT_1365 TO 1272 SL = stop slightly higher than the monthly maximum The deal - is counter, risky, but the risk can be justified! Causes: overbought - Slow Stochastic, divergence - CCI relative to trend.
Be careful and attentive. All successful trades! MikleKey
* This publication is not a trading recommendation for decisions on the basis of its decisions and their consequences publication reader responds independently. ** Author of publication and ideas, as well as its affiliates, liable for the acts or omissions of the publications readers do not carry.
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Contra-trend is the same for trader a drug, ... just the buzz when it built a good setup! Thank you all - @ BLUE43 and @ Pixi - Who appreciate the subtle humor and puts Like. Sometimes, he is successful and brings money.
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As seen in the chart? It is seen that after the rebound from the monthly high and retest, gold set a new monthly maximum is lower than the previous one. What would break above the top - gold you need to walk below. Which becomes a reality, step by step.
Gold my be, and will not become cheaper 1272 intended purpose, ... harmonic Paterns is very approximate, but growing short. Short develops precisely because - Long "tired". Probably 1308 - Gold becomes cheaper.
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The movement is gaining momentum gradually, step by step ... this feature contra - trend.
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Searchers profit and simply readers put Like, for contra - trend idea! Of course, only if you like it. Subscribe for those of you who want to be aware of, and to obtain new setups basically the trend, but also sometimes contra - trend.
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Now, I translate their positions in risk-free, placing a trailing stop - to protect profits. Risk-free transaction. Congratulations to all who have listened to my trading recommendations.
This year, if all goes according to plan, it will be a tremendous opportunity for long-term investment in GOLD. I will publish this idea, so subscribe and stay tuned!
Great weekend to everyone!
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I think I said that at the entrance to this short, will rollback quotes to signal - yellow line. But then all the same - shorts continue. A similar case, for example, was in May on a pair EURUSD as shown here ...If someone knocked on foot, there where you can reconnect to short again. Put your Like, subscribe and keep up with updates!
Good luck. and profitable trades, MikleKey
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If the bounce down - can be sold - short will continue.
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The plan - 3H
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And so, the gold sale plan - works. Further up on the graph - 3H
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Short gold is not forgotten. Its development depends on the development direction of the dollar index (DXY ) in the next week. This short - had almost died out, but the rise in the dollar revived him. And yet - twice broken trend line TL 3 and Weekly Pivot. When attaching the lower Pivot - the decline will continue.
Updates on next week. All successful trades and a good weekend. MikleKey
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The dollar index growth has driven gold below the weekly Pivot. A further its growth will plunge in gold shorts. If the dollar index to find support for growth.
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My Shorts successfully developed. Longer time than planned, but 40% of the profit you can take to close the deal immediately. I close half of the position. The trend will continue.
I wish you all success in trading and good mood! Making profits is a good thing :) MikleKey
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Previously, I was going except that ideas about gold shorts, write an idea about the development of quotations of gold in the coming months. Such an idea, I wrote on the Russian side of the site. TV Community Rules unresolved include the English text by reference to ideas in other languages, and such updates moderators erase. Here's a screenshot of this idea dropbox.com/s/d2fwcc1utdoultu/GOLD - Short_1365_PR40.png?dl=0
Here I will try to give you the link to the idea, "encrypting" it. https://MKMKhttps://ru.tradingview.com/chart/XAUUSD/sk6ky3kX-gold-short-1365-to-1272-i-razvitie/
I will add to the start of the text of the link a 4-character - "MKMK", to view idea by link, please: - copy the link into your browser window, - remove the 4-character in its beginning (MKMK), - and see the idea ! ... You d'not need to know Russian langauge for understand the idea. To the same we have a Google translator :)
I hope it will be useful to you. MikleKey
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GOLD Short 1365, - 1323 now !
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100% Sell was closed in profit.
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GOLD Short 1365, now the decline has reached 1267 !
Not sure gold is acting choppy maybe hedge funds algos are trying to keep it from correcting?
MikleKey
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Maybe, but probably will be a correction!
courageousone
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MikleKey, if I may ask, has gold topped or one more move up before we have a bigger correction? Your opinion valued. I see gold going down for one more bigger correction possibly below $1000 in 2017.
MikleKey
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Yes of course, gold will be more expensive. I wrote about this today ... see above " ... this year, if all goes according to plan, it will be a tremendous opportunity for long-term investment in GOLD. I will publish this idea, so subscribe and stay tuned ! Great weekend to everyone! "
courageousone
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Excellent call. The gold bulls will not realize what is happening.
MikleKey
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All bulls understand soon, soon so bulls understanded that realize stroll below and upward, after that, so as all waiting. :)
aleIas
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:( I am so bullish, we'll see
MikleKey
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The bullish optimism - it's good, I have just as bullish, but ... just walk down it seems :)