GOLD / Unnamed

When this idea complete the target ( if complete )

And you book your 16ish $$$, this is what I am looking at next.

If gold lands on 1220 I expect a bounce up to 1225 at least.
1220 is very sensitive level on my radar, below it 1208 is what I am looking at.

If it holds then we could start the up move and reach our friends 1237 and 1247.

Let's see.

If Gold lands on 1221-1220.xx I am going for buy.

for now holding sells.

Comment:

Dislike this idea, leave a bad hating comment and hit the unfollow button. Much appreciated, that is the best support you can show! :*

Comment:

Could be the day when we get move down on opening. .... could be. Setup is somewhat bullish.

Comment:

If first move is down to 1221-1220 ish we have the bull :)
If first move is up to 1226.xx 1227ish we have bear for the same target 1220 and even lower.
( move after opening )

Comment:

First move is up I will consider to sell from 1226xx 1227xx For target 1220. After 1220 we'll see whats up.
Holding previous sells from yesterday as well.

Comment:

I want to be carefull with selling anyway.
1220 should be met, but I am just waiting and watching for long entry, can it be 1220 hard to tell now after close price new data on table.
It can be lower now. 1247 is on sight.
And I consider it. Because I had gazillions of previous situations with left unseen frequency tag targets, and gold just screws me when I don't expect it to go to these targets and I get caught or miss the entry.
The same with 1247. Just waiting to see where could be the right entry for this bull ride. Play safe.

Trade active:

Added to Sells.
Good Luck.

Comment:

Nice Catch. TP for all sells are 1221.
Will watch what happens there.
Once gold lands on 1221 - 1220 I will make a recalculation and will know is buying still an option.

Trade closed manually:

All sells are closed manually. I missed the 1223 on my radar. Will wait out what happens.

Trade active:

Here at 1224.xx I did my first buying. Small 20% of overall position I am planning to do for bull.
I highly don't suggest you to do the same. I can afford to handle DD and hedge whenever I need.

Comment:

I will add if it goes lower at 1221ish 1220ish, or if it goes up then after 1227.
I am not sure that it is real time to buy here at 1224 1223ish, but I just want to do it slowly.
Cheers.

Comment:

Why you close at 1223.xx?

Because I have Pivotal sentiment level 1224.9 and gold L is 1223.9. It stopped right away and did not break it. Pivotal sentiments require not 1$ break but 1,1$ For full confirmation. Last behavior studies show that 67% in such cases when gold does laser targeted stop it is willing to change sentiment. This case - Bullish.
Chance is still small as it can be just a retrace and studies show just 67% so far.
But I always do find interesting that it happens and gold is not entering the sentiment gate for intraday level so just not to get caught I closed my sells and went for first buy, and I can handle DrawDown and all that stuff with no worries if we go lower.
But don't forget about 1247 that is just lurking around so I am waiting for any signs to enter longs.
And I find interesting again such rare laser targeted stop at 1223.9 ( pivotal sentiment level 1224.9.
So there can be no doubt as well that we may end this day higher than we opened with some baby bull ?
We are about to know.
Play safe.

Trade active:

More buys executed. But I have a feeling this will drop more to 1214 so have buys there as well just in case.
I have great risk management on this one so I can handle sh**load of drawdown!
Patience :)

Comment:

If my dymanic calculations are right we will end this week on Friday Higher than we opened and maybe even reach 1247.

Comment:

1220 hit, now let's see can we have a bounce up to 1225ish like planned in chart.

Comment:

Feeling was right dropped more than 1220 but still not clear tag of 1214xx.
Sorry about bounce from 1220 to 1225.. today it was not valid anymore. Idea was made yesterday because I thought gold can reach 1220 yesterday, today recalculation give already other levels and 1225 was not valid target from 1220.
Anyway I am waiting for 1214.xx because now it is target.
Trading is dynamic things change every day.

So I have buy 1224.xx|
1221.xx
1220.xx
and waiting for 1214.xx and then I start to slowly welcome bull in my family :)
Play safe.

Comment:

There is one more sensitive thing for bull. It need to reach 1214.xx about now and bounce.
If it bounce now and hesistate to reach 1214 today till trading session end.. then tomorrow again it can wear bear :D
So it is better that 1214 is reached today.

Comment:

1214 is not a must anymore. Recalculation show 1216 stronger level than 1214.
So it reach 1214 or not don't care a lot.

Comment:

1214 met anyway. Great.
Have a nice and successful trading week ahead.