Was looking to buy gold earlier but my rule is to let a 15 min timer after news expire so to allow for a cool down.. Would have already been in profit though. Rules are Rules As im typing this the order triggered, updates as follows
Introduction - This continues directly from NFP SWING 2315-2275 POST. Details - This is a sharper move down that carry more bearish implications for intermediate outcomes. Let's get this up first and continue from there. I am keeping this post public until I fix the tg link problem. For whatever reasons, it is not letting people join so, kind of a nightmare...
Introduction - This is the 3rd daily continuous gold forecast since the PRELIMINARY DRAFT and the first one posted for public audience on TradingView. This post will stay live for about 14 hours and cover MOST of the NFP reaction before I wrap it up and continue in the matching private post. Details - First, I went silent the last 24 hours because I unknowingly...
Introduction - I am setting up for 16-20 hours per day continuous gold forecasting. I MAY have the demand to start this now, I am not totally sure. I'll find out in a day or two. Let me be clear, if there was ever a time to trade gold, THIS IS OBVIOUSLY THAT TIME. Details - In chart above, this is a slightly modified route vs most recent route from DRAFT...
Gold retreated over $100 from its all-time highs established earlier this month. Interestingly, this move down follows a pullback of similar magnitude in the U.S. stock market, which we have repeatedly referred to as a threat to gold’s spectacular performance; one minor detail to point out here is that this time around, gold seems to be falling in reaction to what...
Introduction - This is closure for binary forecasting for the people who follow it. Consider this draft as clarification for these two months as it relates to the standing long term forecast in Rumors of a Pivot, Part 3: Details - These are two most likely routes to June FOMC. In theory, whatever ultimately happens should be simple variations of these two...
Introduction - Bulls are setting up for a double bottom with a "V" reversal. This means the median will hold. This means 2500-ish on or before 05/23. This does not mean a straight line there though, because medium term 2-way vol is set to stay high all the way to June. Details - See previous drafts for how we got here. Warning - If you are new to this...
Introduction - So since the move to 2311-2314, I have to "play it by ear" because price is moving faster than my ability to map "an intermediate thesis" that is in sync with price action from here to August. In order to stay relevant and ahead of price action, let's talk less and do better. Details - Continuing from DRAFT 9-3, price chose yellow route to 2291...
Learned I can press record ! LEts see if this adjustment to the sell stop pays off
Been a while, Ill be getting back i the mix, didnt see a set up yesterday I liked for Technical Tuesday, heres what I like today.
Introduction - As anticipated overnight, bulls didn't put enough fight in at 2365 and ferocious bears took out the 43-year trend line. While it's not even obvious they are finished yet - because Binary Forecasting Service's trend engine still see 2323-27 as possible Monday targets before rebounding - I have strong conviction that gold is getting ready to nowhere...
Introduction - Bulls are holding 43-year trend line at 2360s while NASDAQ bears formed a soft ceiling at 2400 that should hold past through May 1st FOMC. The result has gold range bound, predominantly between 2367-2392 for the incoming nine trading days, after which gold should head for 2444 and higher. Details - Follow up to 9-1 DRAFT's failure to break out...
As you can notice on the chart, the buying power is stronger than the selling power in yhe last move of the marker, and the last move just confirmed it for us, you can BUY now and PAT ATTENTION to the merket in the selling zone since it is a strong area because you might quick exit. Don't hesitate to ask for further questions!
Introduction - London, of all places, vigorously defended 2373 and destroyed scheming bears' setup for 2285 this morning. Is this a sign that miracles do happen? No, it simply means 2444 is next. This also means a slow side-ways-to-up to 25xx in mid-May before MAJOR CORRECTION ahead of 6/12 FOMC. As always, we trade one day at a time and will cross that bridge...
According to my chart analysis ,Gold GC xauusd show strong signal to sell .
Introduction - Didn't your mother ever tell you not to play with your food? Bulls with upper hand near 2400s once again trapped by hubris. Believing themselves invincible post Powell speech allowing bears to hang around with the door to 2275 still wide open. Will they regret this indecisive decision? Only time and Binary Forecasting Service's trend engine will...
Intro - Don't have any time this morning, so to sum it dungo jinxed London sessio now we have to do 2460 the hard way. Details - Ditto. Obviously 2460 right? Is that still obvious? Will add if time.
Always good to measure against the DXY not just the USD value Not perfect of course as it is mainly the Euro and Yen but still insightful. Been watching the relationship for a while currently breaking out to the upside HVF theory means this should be a violent expansion Target 1 coming up.