MetalCruisers

GOLD / Intraday / March 20.

FX:XAUUSD   Gold / U.S. Dollar
Details on chart.

From now one this will be new chart layout used in my ideas.
Simple.

Comment: Will be selling from 1230ish.
Trade active
Trade active: Here is a trick in this current day sentiment. Let's see if the trick is played! :)
Comment: Let me explain.
Daily sentiment is Sell it is obvious, that is why we were talking about selling this monster.
But we always let gold lead us. What gold did here is opened bullish gate, but that does not mean you jump in buy right away.
Gold did the same Friday, and seems is doing the same today. When gold is doing it then Dollar Resistance get's wider and new XO levels are created, it is called bullish accumulation. The same with bearish gate levels if it is happening Dollar resistance is getting tighter and no XO levels are created meaning sell is accumulating, this way we can feel the general trend.
My offer to you is if gold drops to 1225 now do your first buying, but don't be very hot, then do the next buying at 1223... and do more buying at 1220.
Gold is overall accumulating some serious bull.. you know why? Because when I said to go long before interest rate decision, and short DXY and UJ was because of dollar RES Gold SUP difference, it was just in no way stable. But the funny part is that now it is even worse on every recalculation that is done. Dollar is making higher XO resistance levels while gold is doing nothing, that is indicating just one thing - BULL.
For now I hold sell orders, but I am ready to add to buys. ( hedge setup currently )
Most of my followers including me have buys done before FOMC at 1200.xx ish so hold on your winners for now.
Comment: If Gold drops, look at these 3 levels and start to build your long positions! Don't be crazy though!
Those who are already in from 1200 you can add little bit on these levels.
And Aim 1242>1247>1259 >>>

snapshot
Comment: Gold should deliver a fall down to possible long entries any time soon. Let's see.
Comment: Seems that someone died in gold mining fields today! Never mind, boring day!
Comment: If in gold mining fields would work Russians that would be easy explained they just are drunk by Vodka ( vodachka ), but here now.. hmmm can't explain! Let's see what tomorrow brings.
Thanks. The three previous TP-targets still valid under current analysis (or 1214 off table?).
Reply
@Viking83, I don't think 1214 will be reached. It is possibility not a target. Target it would be if gold would break 1223 on Thursday or Friday ( don't remember exactly )
Reply
Viking83 PRO MetalCruisers
@MetalCruisers, Thanks for clarification.
Reply
Thanks for the update. How long do you think bears have to get to 1220? If by tomorrow we stay around 1330ish, that means a bigger move up is baking right?
Reply
@Bastosai, Bears are usually quicker than bulls. Seems that selling takes less paperwork and fees for big guys than buying ( lol )
Let's see hard to tell how long this can take. But I would love to see the drop first to 1225,1223,1220 levels.
Reply
Bastosai PRO MetalCruisers
@MetalCruisers, Thanks for the quick answer! I'm a long term bullish for gold, so I love to see your analysis when selling Gold.
Reply
Very interesting analysis of the resistances and behaviour. I feel market cant wait to get their hands on gold by its movement.
Reply
Thanks for the clarification, got a little bit confused for a while:)
Reply
MetalCruisers PRO BenBernanke1
@BenBernanke1, No worries my child!
Reply
Now I feel like cruising with the rest of you.
Reply
Sir H4 chart show Rsi 70+, May gold down 10$, It my thought only. I am following you daily sir.
Reply
That little highlighted area you got.. Is that fib?
Reply
i am w/u
Reply

Thanks for sharing, it is TPP good.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out