AlphaDreams

Something Bigger or a Basic Bull Flag v2

FX:XAUUSD   Gold/U.S. Dollar
96 1 2
4 months ago
Still watching where this goes. I'm trying to get better at looking at bigger picture vs relatively small moves based on small news.
4 months ago
Comment: Though initial jobs reports are positive the markets are still very highly maxed with news yet to come that will affect the indexes. Moving them lower (tied with move in the dollar) will have a greater impact on Gold's direction.
4 months ago
Comment: Stoch RSI lingering in oversold and might send it back up to the top of channel Or, this is just based on initial news, and when actual news comes out, it breaks lower?
4 months ago
Comment:
snapshot
4 months ago
Comment: Chart above was 1day.

Broke down channel on 15m.

https://www.tradingview.com/chart/qaR1ve7v/
4 months ago
Comment:
snapshot
4 months ago
Comment: Anyone short was wise to hold for the bounce.

snapshot
4 months ago
Comment: It's technically still in our channel. Oh well. Here's a possible HS and 2 different directions wether it is or is not. Also could double bottom here.

snapshot
4 months ago
Comment: Jobs report finally pushed a decision in gold and markets. Now we're back to waiting for more news on rate hikes as well as financial uncertainty on a global level.

I'm not jumping based on news but rather practicing charting and patterns.

Had a small short after news gave direction in gold.
Then a small long while it retraced. Then out.
Now watching and waiting for a signal.


https://www.tradingview.com/chart/Yr57jlBq/
4 months ago
Comment:
snapshot
4 months ago
Comment: Oh it chose a direction alright. But the news, technicals and noise makers in media (and in chat) all had their opinions. I rode out my positions, scalped with minis and did fine. I still want to better separate my long-term longs and my short-term shorts... that's more of working better with my new broker system.

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For many centuries chemists labored to change lead into precious gold, and eventually found that precious uranium turned to lead without any human effort at all. -- Isaac Asimov
AlphaDreams PRO
4 months ago
Though initial jobs reports are positive the markets are still very highly maxed with news yet to come that will affect the indexes. Moving them lower (tied with move in the dollar) will have a greater impact on Gold's direction.
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