chartwatchers
Short

GOLD - Hourly channel

FX:XAUUSD   Gold/U.S. Dollar
1391 9 30
6 months ago
Hopefully the banks got out of the way of gold's decline - at least for a few hours - and we can tag finally the lower line of the channel around 1248$.
I knew it's not going to be easy against the dip buyers but I was not counting with the manipulators who were holding gold's price against the dollar strength. We should break the blue line soon...
Let's see if they are ready to loose some more money with holding the price against the dollar and stocks .
Because stocks will rally today.... The retail sales numbers were pretty good !
6 months ago
Comment: SIt tight guys.
If the dollar rallies with stocks they will give it up soon.
They will let gold fall. The retail data was really good. The dollar won't stop today.
STocks should rally also.
6 months ago
Comment: I' ve corrected the trendline (blue) as it seems the 6th May breakout was not a false breakout: it was a pivot of the trendline.
We are tagging the upper trendline right now with very low volume. Don't forget Europe is closed today. Now it's crystal clear that buyers are in the eastern markets.
Let's see what's happening when US markets open.
snapshot
ice_holly01
6 months ago
Awesome. Master.
Reply
BjornPfaff
6 months ago
Still enough bullish .. looks like it bounced hard from it supportlevel
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nexuz
6 months ago
Clf printed a nice double bottom so far - sit back and enjoy the Show :)
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keefer0 nexuz
6 months ago
Finally!!!
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AlphaDreams PRO
6 months ago
I'm holding all oil and gold-short positions over the weekend.
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alanprotrader
6 months ago
1281 was broken. Whats next?
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nexuz alanprotrader
6 months ago
around 1287/88 would be next resistance - seems finaly like a bounce so far.
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AlphaDreams PRO
6 months ago
Not sure if I should buy more DUST again (1.28) or sit and wait.
Reply
BjornPfaff
6 months ago
Hope this will fall soon .. otherwise all shorts will be invalid
Reply
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