MetalCruisers

GOLD / Unfinished business.

FX:XAUUSD   Gold / U.S. Dollar
Hello guys!

Two scenarious either market goes and reaches our unseen transition 1265.00.
Either is blocked by transitions at 1274 goes up, breaks transition breakout and goes higher.
The thing that sometimes worry me is that you cannot notice the quick tests.
I mean I doubt it did test 1265 on Friday because it just smashed it upwards in no time. But you always need tick charts ( second graph ) to see that in situations when it is not clear. But I still think market will go down to touch the transition.
Let's see how this works out!
Comment: Happy trading week!
Trade active: I think I will open Sell guys here. Risky. Be careful!
Comment: Well thanks to my stupid broker that is still closed, I am not in sell. lol!
Comment: Not a good Monday starting at all! Tomorrow I will Visit office and throw some heat.. I see my broker forgat who is the boss here.
They send me message:
Please note that during the next week, from 31 October until 6 November 2016, the everyday trading breaks will shift to 1 hour back. This means that trading will open and close an hour earlier.

Then why the hell is Gold chart closed? I am really mad when it comes to trading, because it is my money, it is my business here, and when broker mess up my business, I am really mad! On Fxpro Gold is already open 1 hour earlier!
Hold on Admiral.. I see you tomorrow!
Comment: Clear rejection from Sub Sell transition 1276.5 upwards. Be careful here!
Comment: Perfect scenario:
Gold breaks some of given transitions downwards doesn't test it, and goes down to 1265.
Will be one hell of a good buy there then!
This would be really nice scenario. Let's see!
Comment:
snapshot

1280...1281 is Target.
If not reached now, will be later!
Comment: For those who don't understand. Above update chart. It is very very very good if gold goes down now without reaching Transition TP. It is awesome if that happens! It is just mmmm ohhh mama mia!
Comment:
snapshot
Comment: Sub transition holding 3 attacks so far.
Comment:
snapshot
Trade active:
snapshot



Holding sell from 1278.9
Comment: Who is holding short with me? Move SL to BE.
Comment: Short is paying good. Now we approached sell transition! This is the tough part.. as they both are close to each other.. creating 10x more powerful level than Sub transition.. we need big power to smash them. Still waiting for 1265.. who knows :(
Comment: I said you in this idea.. if you go long, you will short your account balance!
Blame Gold for what it did!
Comment: Market is beatiful. Today based on Transitions I would say it is STRONG buy! But you see how it broke powerful levels downwards? Because it has unfinished business. It can't leave just like that guys. It is amazing how it broke these transitions today.. on strong buy signal.
Did you just notice something more? You saw how it broke 1276.5 downwards? Did it tested it? No.. it kept falling! Take it as a sign that market will want to be back.. to reach 1276.5 again.
If this falls to 1265 and transitions proove to be correct.. Buy it at you will be thankfull to me later.
Regards. Let's watch!
Comment: I am still holding short guys as well.. It brings in very nice money. I hope you are in too. So this day already starts in profit for us !
Comment: This is to put money where mouth is!
Not the best place, but I take the heat. Shorted on my personall acount! Is how big trust I have in Transitions!
Do not take example from me and skip this! If I lose, I take it.. If not... well it's ok then!
https://postimg.org/image/divz5wfa7/
Comment: After reaching TP 1 from wave 6 there is always a bounce!
If Gold wants to met my 1265 ( wave 6 favours that too ) it should be in a form of spike, and bounce!
https://postimg.org/image/fbgqrp759/
Comment: To answer your question I still wait for my target 1265. Sometimes it takes time. Example of it is September 8. Had to wait 3 days for market to reach transition. Trade according to your plan! For now no new ideas from me, I don't see sense to make idea again pointing out the same direction. And trolls can relax.. those who write me garbage and are happy about the fact that 1265 is not yet reached.. think forward.. what you will tell if 1265 IS reached.. probably you will go back to your basement.
Comment: If market goes 1280 today, I will probably use that to open more short.
Trade closed manually: Closed 1280 short with couple cents in profit. Still waiting fo some more to confimr the short.
Comment: I am staying out of the market for now. I don't like this climb, that can end up in a big falling knife..
Comment: A lot of Floating levels for today are pointed down.. market didn't even reach them.. it is not good.. not good at all.. when it climbs up without at least touching one floating point MHI.. in 90% of cases ends up with a lightspeed falling knife scenario!
Comment: Those who write me garbage! If you remember I told you short for monday.. in this idea! If you oepned short.. I already made you money.. with this idea.. Gold got as low as 1271. Why you write me that you are in minus now? I told you use BE. And I always told you to take money while it is on table.. according to your trading plan!
So far I didn't get you any minus.. And now I did not you to go short while Gold was climbing.. I don't understand whats the point to go nuts now just because 1265 is not seen! When I made a call about 1265.. if you shorted you were in money!! If you do not use BE.. that is your fault!
Comment: I really dont like this climb guys.. imo it is too early! I am not getting excited! Levels and feeling tell me it will be a painful dropback.. It is too early.. it is leaving too many signs down.. Be very careful longing this.
Comment:
GOLD / Set to Shine by Technicals / Perseus, watch this!


38.2 will be very tough.. take my word for it.
To enter new phase we need a crap load of power.
How can we break it if we leave so many unreached targets back down?
I am just saying.. this is not exciting at all! If gould would reach 1265 and some other levels I have.. I would say BUY it.. But this is SCAM in my opinion!
I was reading that historically the dollar fades 2 weeks before presidential elections. This scenario seems to be playing out.
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Completely with you, 1265 will come, either today or tomorrow after FOMC.
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Maybe it is more political then financial at this case. Trump just took the lead in the USA for the First time. Dollar is dropping like a rock on strong China data. Until election this may continue to rise. The main uncertantly is promised wikileaks which may be a catalyst for $20-35 rise in one day.
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Same thoughts - exited longs and waiting for tomorrows data
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Hi TPP,
I wouldnt even answer those that question you, ive been following you for a week just over and you have called the shots to near as few pips, your skills are amazing, and it is up to others and my self to look and trade with money management,
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Calm down mate everything is fine - they will unterstand it in a couple of years ;)
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Hi TPP. You don't need to justify your actions to anyone, specially those who enter trades blindly and expect you to do all the work for them. Keep up the great work as the majority of us appreciate what you are doing.

Cheers!
+2 Reply
I never understand people who follow somebody without their own decisions, they should better not trade at all cause they will loose money. TP just forget it and thanks for great analysis which can only serve to support/put in question our own plans.

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Hi TPP, what is floating point you said?
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Hi TPP. Are the transition points in this post still valid? On my account, gold hit a high of 1277.90

If we break above transition breakout, is 1265 still valid?
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