GOLD / Targets.

FX:XAUUSD   Gold Spot / U.S. Dollar
Wanted to make this clear with big picture.
As you know I told you gold             is to reach 1383 at least.

But can fall to 1193 ( not obligated )

If gold             falls I will buy at 1194.00 , 1186.00 and 1181.00.
If gold             does not fall, I will buy from 1235.00.

For a target 1383.00 > 1393.00 > 1430.00.

I don't see gold             going lower than 1180.00 because the target 1383 is not seen.
And as well I told you about 1250.00.. if you try to short from there, I hope gold             give you some profit or at least Break Even, but chances are that you will donate some money to your broker by shorting there.

I won't repeat this idea / targets again. Click play later some day!.
Good Luck.
Trade active: Meanwhile Dynamic daily sell setup get's stronger.
Shorted 1212.xx.
Have pending sells at 1216.xx and 1219.xx as well.

I still want 1193 as I would feel a lot more comfortable doing my bottom buys there.
People say but if 1200 broken and goes 1193 how can you go long?
1200 doesn't play any role for me, since old supports resistances are not re-used in dynamic trading, so is it broken or not broken I really don't care.
Good Luck.
Comment: Some move should happen today, because there are some things that are late and going out of time, today gold changes the frequency and new pivot is set, therefore it should do a move to create a new dynamic path. I bet on a medium waterfall.
Let's see.
Trade active: When gold fall ( if fall ) to 1206 take half profits off and run the rest with BE
Trade active: My guts tell me that someone is in profit?
Move your SL to positive side and watch some movie. Remember to take half of profits off when you feel you want to!
Comment: ### today gold changes the frequency and new pivot is set, therefore it should do a move to create a new dynamic path ###

First frequency roll-over has happened. Gold is now creating new base line pivot. Now we need to cross 1207 and prepare for fresh low in such case.
I will monitor the global frequency change that happen every month around this time. After frequency change I can do timing analysis and approx tell when gold will reach 1383 because that is a concern for a lot of people.
Comment: Two fields on chart blue and green is not there just because of a good look or smth.
Blue field is old frequency and green field is a new frequency that gold now successfuly pass. And now is at the last roll-over place 1207. And should break back in to test the last low pivot of old phase / frequency.
Comment: Done. Gold did a move that I expect! Frequuency has been chnaged and long orders are executed!
Short orders closed!
Comment: Forex is for lazy people like me that want money to fall from the sky by doing nothing.
40k every day would be a dream tho.
Glad that you guys let me know you make profit from this short ( a good one ).

Right now I have no sell positions open, but I have a buy executed. Although the dust have to settle down and gold still can met 1180, more I can tell only after close. Now I have to see will gold enter back in the new frequency as it changed them today, and do calculations.
But like I said for me this is a bottom area where I add buy orders, but please do your due diligence and trade safe.
Comment: Remember that Gold production first cost is 1.2k.. they are in big trouble now.
Gold production involves a lot of resources, trucks, people, explosives, time, production etc.. first cost of that is 1.2k zone. Anywhere below 1.2k they are not making any profit.. and such huge business as gold production can't afford that now since they are not making any value by producing gold then.
As well " Metal Cruisers " got the price they want.

I am heading out and will be back right on close I hope to do the frequency analysis!
Be safe, trade with care.
This idea is closed!
Comment: Just a reminder of my operations!
Buy at 1194 executed.
Second buy at 1186 executed.
I don't mind getting the third one too!
Comment: And as well to refresh the memory refer to this idea I made explaining the targets.

So I really don't mind to see 1180 then gold target is not only 1383 but 1430.
My View on Gold
Entry is at 1170 target atleast 1300
@TC_Trader, thanks
Now what?
Hi do you reckon we'll below 1180, Did goldman say 1160?
sir can i use any stop loss here again i want to know stoploss level
Where are you setting stop loss for buy orders at 1180's levels? Thanks for your work and insight!
+1 Reply
Big thx TPP :)
+1 Reply
Is there possibility of overshoot to 1170? More hedge then.
+1 Reply
Booya is right! Great call! Looking forward to more of your analysis :)
+2 Reply
Tp Did you get long 1188? ... lucky bugger. I'm in 1194. Many thanks man I've been following closely but just missed the bottom.
+1 Reply
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