MetalCruisers

GOLD / 1258! / Technical Chinesse.

FX:XAUUSD   Gold / U.S. Dollar
I will stop publishing daily ideas, instead publish one for the week, and update it daily, so Interactive still stays, just in one Idea.

I uploaded Weekly Average calculation analysis on Youtube, my youtube link is in description, go check it out.
By Average calculation ( 5 H / 5 = 5 L / 5 = 5 C / 5 = ) I get 1270.00, that wouldn't be so bad at all.

But be very carefull with 1257-1258. If this not broken, we can get down to 1238 in no time.

I will update my trades here, as well you can find login credentials in my website for real trading account, so you can see what I take and where I close 24/5

With the fact that Chinesse is back in the game, and US is going for Holidays, as well Average suggesting 1270, I think we may get back to 1300 area ( we never tested it after we broke it ) I guess they where in big rush with dumping the contracts on October 4.

For now I may buy on opening, but will see what the open price will be!
Don't be surprised to see gap!

Trade with care!

P.S Test Prophesy skills for Wednesday
EVENT / FOMC minutes / Test Prophesy Skills.
Comment: Why I mention bear trap in idea, because for Friday dynamic cycle low was 1246, I knew that everything that goes outside, fast, is a trap, because I never saw gold close outside wave 5 dynamic cycle. NEVER.
http://prnt.sc/crrt6c
Comment: Thanks for Chinesse Bro Thumbs!!
Comment: http://www.thedailyeconomist.com/2016/10/london-dumps-1000-tons-worth-of-gold.html?m=1

I would love to have such friends too! My @$$ would be always covered!
Trade active
Comment: 1258!!!
Trade active: We need to push through here, to see 1270 that I mentioned in my Average calculation video! But since Average Market heading towards point is 1270 for this week, we will get there this week and nothing can stop it! Buy active and added up on opening!
Comment: We are right on HTD and MHI ( standard weekly )... This can be interesting!! It can be sent down from here if we dont break this!!
Comment: If 1258 broken daily swing tg 1264.. higher only if China get's aggressive today!
Comment: False 1258 break!! Be carefull here!
Comment: Seems that 15 min candle consolidates above 1258.. it is a good sign! tg 1264.. Be very carefull with 1264 today!
Comment: We need aggressive push thru 1264 today ( in general ).. I will consider closing half of my buys at that point, and run the rest with BE.
Comment: If we get a push thru 1264, then new gate is at 1270.. I mentioned that I will lock all my buy profits at 1270.. ( Video in my channel with average calculus )
1270 is uber strong for dynamic cycle. If we break that and enter 1300, static cycle starts again with tg 1330 then 1350.
Comment: http://prnt.sc/crvl9i
Comment: https://postimg.org/image/q3texx26p/
Comment: !!!!
https://postimg.org/image/iltns4b0r/
Comment: If Gold is rejected from 1264 and comes back below 1255.. Then We may have a problem Huston!
Comment: After doing deeper analysis, I spoted something that scared me!
Take a look - https://postimg.org/image/4wlganoqz/
BE UBER carefull with 1264.
At first glance it may look like a glitch, all 3 showing 1264, but it is because of extremely strong area that this level has become here!
I saw the same thing on October 4 when massive sell of happened!
I will close all my buys, every single of them there and go for a sell from there!
Why?
Because if this bad boy is going for another leg down to 1227.. I don't want to miss that!
Of course SL on the sell, because if we get over 1264 it's fine!

snapshot
Comment: Please don't get out of buys if your plan is suggesting to hold them!! I am just sharing my trading plan. I am not an account manager nor Financial Advisor. I go for a sell from 1264 and put SL.. simple as that.. it will be a tiny little lose compared to gains if this one is rejected from 1264!
Comment: US Debate started! lol
Trade active: Buys closed, sells triggered! Either we smash this with some power.. either...
Debates live too!! Be carefull!
Trade active: If we go under 1255 now... bulls are done
Trade active: https://postimg.org/image/kzdmned6p/

Place BE for those who are with me!
I am 21 lots sell on this!
Comment: I will add more on 55 break!
Trade active: I added to sells here! Target is 1238, 1227!
Let's see what happens wednesday on FOMC when we trade it live!
Comment: If gold decides to break 1264, you know what to do.
Comment: Trapped between 61.8 and 76.4
Comment: Did gold just gave up at 76.4??
Trade active: Rejected from 76.4
I think that if Gold goes back to that 55 again it will smash it.
Holding the sells here. In no 100 years I will be buying under 64!
Comment: I would like to see my followers interact and comment with their trading setups/ charts and thoughts! Don't be shy!
Comment: Lol at that 64. Either BOOM, either Meh... We need strong BOOM tho.
Comment: Gold is very exposed to more selling.. No buying impulse is shown.
64 is strong as crap..
London was the main gold seller..
They may make it even more cheaper for China!

Mid term idea
GOLD / Mid Term / Chinesse like it cheaper!
Comment: Fundamentaly you saw China doing nothing.. I know they may be still drunk, bet let's face it. Why they should buy now, if they can do nothing and ask mama london to sell it more, so they can buy it even cheaper! I was expecting China to do smth here.. 64 still on the table, and is not looking promissing, given the fact, London was the main seller all last week.
Comment: As well technically it is still more for sell than buy here.
Comment: ... BOOM???
Comment: Behaviour is suggesting that 64 will be broken! It knocks the door too long.
Expect a pop! But don't get too excited in general below 72!
Comment: Here you go poped! I would more say, farted.. Still no clear break, but .. let's see!
Comment: Gold decided to be abrother for dxy today.. nice! :D
Comment: Some say it's like watching movie now, London is open, so the trailer is over and movie can start! Either we break 64 completelly either London is Mad bear!
Comment: If we break minor 62 here which is pivot L.. bulls are getting closer to trouble.. 64 failed hard for now.. London is open ( main gold seller ).. Be carefull!
Holding shorts!
Comment: Gold deleted all small gains it fighted so long today for.. in just one candle!
Comment: Back to oldschool stuff, I am not the only one seeing a bear flag on 15min.. yes, Sir?
Comment: I am enjoying this so nice! I like it when the real fight is going on!
It is boring when it just goes up or down.. it is nice to see such active fight between em bulls and bears! Love it or Shove it!
Comment: I see Octuple Top on 20 sec chart!
Comment: That was a joke, so you smile a little today! Monday always hard!
Comment: I did approx calculus for tomorrow if H remains the same 1264.8$ for tomorrow we get pure Sell setup.. so If gold sleeps the whole day, it will stop sleeping when new day hits the universe!
Comment: Since I had questions about system ( Absolute Fibonacci ).. I may copy paste it here in simple words, since I writted it down just now:

Nearly all the systems use indicator to examine past trends and price actions that determines the next buy or sell. But, this system treats each month as a new period, where old supports as well as resistances should not be reused. In this system, each pair has a unique frequency, so the same calculation cannot be applied for other pair in dissimilar month.
At the end of each month, it can only be calculated to establish the phase for next new month. Every phase is stable which is comparable to the physics perception of wavelength and is using a permanent fibonacci distance 0% to 100%.
Comment: Gold behaviour suggests we will see a break down 76.4 ( 1262 )..
And later 2.618% at this point bulls will be in trouble.
NY may do it.!
Comment: Knife getting hot is what I reckon here with this behaviour!
snapshot
Comment: Baby bulls still trying.. Too young for this jungle I guess.
snapshot
Comment: Bears starting to " download " candles from chart.
Comment: CPS ( close price sentiment ) is 1253 for today.. lets see the close ( NY close )
Comment: I am kinda tirewd of this stupidity on chart today.. see you later.. I close them because it is getting ridiculous.
Comment: NY close price is all that matters now.
If it is above 1258 most likelly we get sell setup for tomorrow, if below 1258, buy setup
Comment: So let the price decide!
Like your analysis!
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MetalCruisers ice_holly01
I like your Nickname!!
+1 Reply
MetalCruisers ice_holly01
And Turtles!
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Thanks for sharing the setup for this week, I guess if the Chinese people buy some gold, it would be this week or next to bring gold price closer to the support line.
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Which support line are you refering to?
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albertwt MetalCruisers
The 1330, is that correct ?
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Oh, you meant Resistance then.. Support should be below actual price, res above!
Don't know about 1330, right now getting back to 1300 is a dream!
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albertwt MetalCruisers
Yes, that's right.
Ah I see, sorry for the confusion, I stand corrected. Thanks man !
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No problem! ;)
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1257.4 is like a rock!!
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Yes! We need to get over it! To dream about 1270 and even 1300
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A nice fight between two trends going on!
Gold-fight
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Thanks for sharing my man!! Always love to see other views!
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Asia is doing good so far. And the USD look like throwing in towel soon.
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Let's see how it develops during the day!
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Viking83 PRO MetalCruisers
Yes, going to be an exciting day - and week! Looking forward to the FOMC-show :)
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Well.. FOMC is always kinda crap! You wait for something and nothing happens! I will try to pick the dirrection, but will it even move is another question. lol
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ok permabear
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MetalCruisers traderzaius
?
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are you shorting gold now?
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MetalCruisers playthetrend
Please look at last updates under this idea! Please! It will answer all questions!
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1.If we look at 2 hrs chart. that red hammer before was quite good.
2. We saw price tested $1265.25, this is good for bulls.
3. 9MA crossed 20MA, good for bulls.
4. BB narrowed and price is still on the top, good for bulls.

What i don't like is SRSI is overbought.

I trend to see price break up 1264 today if you think that was a sell point.

Just my thought, it could be totally wrong.
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MetalCruisers watsonzou26
No problem with that. We need powerful candle and clear consolidation above 64.
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watsonzou26 watsonzou26
Plus 15 mins chart, wave 5 is still not finishing yet, but soon.
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Love your updates man!
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Most people hate them.. lol, bcz notification tab is going crazy :D
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Don't underestimate Chinese DaMa's gunpowder, LOL.
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MetalCruisers watsonzou26
Chinesse gunpowder needs to shoot thru 1264 AK-47 won't be enough. I hope they have some C4
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Watching Gold trade at 1263...which way are we going...1300 or 1230...the suspense!
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MetalCruisers DanielRolley
If 1264 broken, I join for 1300
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I guess no. 5 mins chart looks good for bulls.
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MetalCruisers watsonzou26
I cant relate/ comment here... Too much noise for me on anything below 30min. sorry.
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watsonzou26 MetalCruisers
Agree,. Normally i don't care 5 mins chart at all. But we are checking if price will break 1264 at this time.
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MetalCruisers watsonzou26
Yes 64 is the ?..
Let;s see what london does!
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watsonzou26 MetalCruisers
Hmm...1261 must be holding, Otherwise.....
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MetalCruisers watsonzou26
mind to share a chart? I don't see nothing special about 61.. 58 yes... 62 yes.. but 61??
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watsonzou26 MetalCruisers
prior low was 61.75, i don't like lower low.
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watsonzou26 watsonzou26
Fib 0.786(62.2) holds for a while, not much selling here?
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MetalCruisers watsonzou26
Like I said I am concerned about 64.. no buying on my table below it.. 62 and others are less important in my setup. Cheers.
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watsonzou26 MetalCruisers
Agree with you--"no buying below 64". For me, no selling at this level, either. wait for dust being cleared out.
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MetalCruisers watsonzou26
Yes on the flip side safe sell starts only below 1255 - 1250
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watsonzou26 MetalCruisers
Quite reasonable start to sell below 55-50. We see another good hammer from 2 hrs chart. 55 is below the hammer. If hammer was red, it will be much better for bulls.
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1264 broke due to Chinese DaMa's gunpowder, LOL.
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MetalCruisers watsonzou26
It is not broken! Broken it will be if price goes above 65 and consolidates above it on 15 min chart ( one clear candle close above )
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watsonzou26 MetalCruisers
So you still hold your shorts?
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MetalCruisers watsonzou26
Yes my man!
If we look at SSI it is heavy Long.. not a good sign! It is a handy tool.
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lio MetalCruisers
What's SSI?
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https://www.dailyfx.com/sentiment
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lio MetalCruisers
Thank you mate!
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Sorry, stupid question: what's 64 and 72?
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1264$, 1272$
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lio MetalCruisers
Got you.
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what about gap? 55 56?
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MetalCruisers margincall
I had person mentioning it too as well.. should be filled, but let's see!
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margincall MetalCruisers
i think is going sell until gap
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MetalCruisers margincall
may happen! 64 still not broken!! No clear break!
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It's like watching a movie now...
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hehe...
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margincall MetalCruisers
i see a gap on one broker other dont have its weerd u have too?
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MetalCruisers margincall
Nothing weird brother. Each broker has different Price feed, price slippage etc... I use only Fxpro price feed.
+1 Reply
Thanks for the update.
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I always update frequently, whatever I see or do on charts. Trying to be connected!
+1 Reply
nontalux MetalCruisers
Yes, I refresh the page every hour.
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Actually, what I see, is the continued fight between up- and downtrend. Now the lower "normal" bound of the uptrend was just tested.
Fight goes on

Let's see if it can jump above some inches up again :)
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I still think 64 for today is too tough! We need powerfull buyer here RIGHT now, with one candle.. as more time it spends knocking 64.. more sell orders are executed. It will be some hard drop if we don't break it soon.
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Viking83 PRO MetalCruisers
Agreed with that one. I am watching the USD closely as well. I think that is the most important indicator to follow now for gold's direction as a potential catalyst now.
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Cookie to you!
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Viking83 PRO MetalCruisers
And it seem to be struggling...
Dollar-fight
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Dollar may move with Gold.. once it breaks out.. it can throw the gold out of the boat.. seen this manipulation before!
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MetalCruisers MetalCruisers
dxy moved with Gold both same direction today.
+1 Reply
Viking83 PRO MetalCruisers
Yes, true. They did move at the same time, which they do sometimes. But the dollar top in dec correspond with the gold bottom :)
My take on this is that USD is way overdue in its current cycle. It tested an important line on Friday and closed below while gold closed above.
The last move up in DXY has a bit "parabolic" 5th wave look to it. My take is that DXY is going down. And when it breaks its trendline down there... Well, it ain't gonna be pretty. It's gonna look like gold did last Tuesday.
That's my main scenario. But I play it safe for now with taking profit along the way.
Good luck. Time to do some work!
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Well, on the other hand... Gold looks weak now.. even tho DXY can move down, Gold can be muted same vice versa.. Since we broke down 1.300$ gold has problems.. given the fact that Gold is so weak that it did not test 1300 after it broke it! We have to be carefull!
Take care man!
+1 Reply
bears&bulls are fighting at each level. it seems that gold needs a hand to move up.
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:)
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Congratulations for your courage to expose yourself and your ideas. In trading, we don´t have a crystal ball. We only have money management and reward/risk ratio. The good trader is that one who knows where to place SL and TP. You are right to not trade under 1270, and you had a clever idea to short under 1264, with SL at 1264. But bears didn´t performe well today, and another Asian session will begin. I believe gold will brake 1264 tonight.
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MetalCruisers allanrcferreira
Thank you!

P.S my sell is still active!
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allanrcferreira MetalCruisers
I know! But if everything goes wrong you will get even.
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Hi TPparadigma, thanks for sharing your idea. It was fun to watch your comment yesterday!
I'm curious why it's sell setup if it closes above 1258 and buy setup below 1258? I thought price would move in the other way around.
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Thanks..

Hard to explain why it is so man.. it is how it is by my setup.
Cheers.
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snasql lluriel
So when it hits these numbers do we place put and stop orders and if so for how long. Where i am trading you can do anything from 2 minutes to the end of the year. I am so sorry if this is a stupid question but I'm really trying to understand this and am very new!
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You can work with pending orders yes! But gold is monster, and can get you in trap.. so be careful. It sbetter to monitor and act manually.
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