The down-sloping Fork reveilles the most probable path of price. And we see how price reacts to the Forks balance line, the Centerline (CL). It's just wonderful, watching the ebb & flow of this market eve on this lower timeframe. I would not immediately short it but wait for a better tell. Reaching the orange zone would not surprise me, since this is where real...
will be taking gold long from either a drop to the 87 or a pop over the 98. will add options to this trade at these levels, look to spread sheet for the entries and strikes
Gold on 1H Chart: - Fractal detected - Down Trend - Flow Is Down - L-MLH BRK - Test L-MLH Trade: - Entry On BRK - PTG: Partial@CL - Rest: L-MLH / Trail Note: - Initial bad RR Mentality: - Greedy Pig <--- Me
GC1! I bet many people are posting this same idea. We are looking at some resistance on the trendline with a chance to go higher again. These are some historically good levels.
The reversal flag that I identified yesterday has broken to the upside as predicted. Price was being pinched between the descending channel (flag) and the major support trend line and finally broke out of the flag with a strong upside move. In this video I perform analysis on the pattern and the type of further price action I will need to see before I become a...
We see that the price rebounded from the lower balance level. And now you can buy gold at trend level 1312.7 with stop under the lower balance level (1301.6)
Sounds dramatic? ...I think it is. Every commodity has it's price. But only the one that Humans are giving it. Why has Gold failed so many times to make new highs? Why did the Bank of Canada sold (most or now all?) its Gold in 2016? Yes, I know, we don't trade on fundamentals, but pure price and Action/Reaction. However, sometimes fundamental facts have their...
Hey, We've long been waiting for this inverse head & shoulders to come to fruition. As we can see, we broke out of the downtrend in 2016 but the 1360-1365 neckline has been tested multiple times. Finally it seems like we're ready to break out, how do we know? 1. The last low has not hit the ascending support of the latest move up. This means it's likely...
XAUUSD 60 MIN short moving average failure POST US Easter Holiday squeeze
Too early to tell about this trade until i see the sonar results but the setup is a potential for the week ahead. I like the risk vs reward and the range bound with the pattern so this is good. Need to check news, price action when we enter the reversal but over all the setup is one to watch. Thumbs up if you agree!
been a nothing trade for as long as i can remember. we finally gonna get a breakout here?
Probably short players will not close positions by take profit 1300
GC made a false break down of balance. We should buy at first trend level 1322,8 with stop1, or wait for a correction wave to the balance levell 1311,9 with stop2
trade # 19 gc direction l Mar 7 18 entry price 1332 trade # 14 gc may 1400 call direction l Mar 7 18 entry price 4.8 trade # 7 gc may 1290 p direction l Mar 7 18 entry price 4.4
where is this going?...let's watch and see
GC is on the lower balance level on H1 timeframe and it's consolidating. If the price breaksout balance1 we will buy
I have a cool mate in my ForkTrading Group. He is trying things out, ask questions, sends me charts and throws comments in the blog section. Hi has quiet a good eye. And he's willing to learn. Today I got a chart about Gold from him. I gave him feedback, attached with this two charts. This one is a middle view of both. First I always want some context....