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Gc!1

Critical trend line already broken...This is a continued short from where I published the alert of the right shoulder of this massive Head and Shoulders pattern playing out. The H&S is actually sitting on top of a long rising trend line (orange) in the chart. As you can see, that trend line has been breached. Look for a slow grind to $102. Gold is being challenged as a store of value, by that other computer generated code thing. Good luck gold bulls, you're going to need it. Target: $102
AMEX:GLDShort
by streetgainer
1
Is gold conscious of the red trend line?Gold came to see the shape of downtrend. Gold has not reached YPP (P) 1269.009 and is trying to fall again. Please look at the weekly,You can also see the red trend line being conscious. weekly But I decided not to use this line because of my discipline. So I will not do anything now. There is no reliable horizontal line near here. Therefore, as usual, I wait for the entry since I attracted somewhere to PP. << tactics >> 1-1) It got up and reached near YPP (P) 1269.009. It functions as a resistance line. short. The first limit is decided with reference to WePP of the next week. The second limit is on MPP (S1) 1229.533. 1-2) It got up and reached near YPP (P) 1269.009. It penetrated above. Because it assumes down trend, I do not do long entry. 2-1)It got down and reached near MPP (S1) 1229.533, which functions as a support line. Because it assumes down trend, I do not do long entry. 2-2)It got down and reached near MPP (S1) 1229.533, penetrated downward. Short entry will be done once it functions as a resistance line. The first limit is decided with reference to WePP of the next week. The second limit is on MPP (S2) 1206.045. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thick line: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red thick line: Untrustworthy line for me Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
OANDA:XAUUSDShort
by fondiea
Is gold conscious of the red trend line?Gold came to see the shape of downtrend. Gold has not reached YPP (P) 1269.009 and is trying to fall again. Please look at the weekly,You can also see the red trend line being conscious. weekly But I decided not to use this line because of my discipline. So I will not do anything now. There is no reliable horizontal line near here. Therefore, as usual, I wait for the entry since I attracted somewhere to PP. << tactics >> 1-1) It got up and reached near YPP (P) 1269.009. It functions as a resistance line. short. The first limit is decided with reference to WePP of the next week. The second limit is on MPP (S1) 1229.533. 1-2) It got up and reached near YPP (P) 1269.009. It penetrated above. Because it assumes down trend, I do not do long entry. 2-1)It got down and reached near MPP (S1) 1229.533, which functions as a support line. Because it assumes down trend, I do not do long entry. 2-2)It got down and reached near MPP (S1) 1229.533, penetrated downward. Short entry will be done once it functions as a resistance line. The first limit is decided with reference to WePP of the next week. The second limit is on MPP (S2) 1206.045. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thick line: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red thick line: Untrustworthy line for me Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
OANDA:XAUUSDShort
by fondiea
Gold / GC / XAUUSD - Bearish flag forming on the intra-day chartFor those of you already short or looking for a short entry, there is a new, bearish flag pattern forming. I think we could still see price pop from here considering the strong bullish move from the bottom of the flag, but as long as price stays contained within the flag we could see selling pressure re-enter and a break down of the flag setting up a price target of about 1205-1210. Price target is calculated using the length of the flagpole, and then measuring down from the last swing high before a break of the flag channel.
FX_IDC:XAUUSDShort
by krugman87