on ism bad news US yield crash sharply , this will give + power to gold , if gold can break high,mean new + trend start , gold can fly up to fibo 61% even 1920 so put buystop on high is good idea (sl below low) if you have sell, put SL on high , break high will open door to powerful + trend green arrow=powerfull buylimit place
if you cant put SL ,cant use low size dont pick this in 10 condition like this 5SL 5TP trailstop=8$ wait time=7 day
2buylimit in down 1sellimit on big trend sl=8.00$ trailstop=8.00$
in up we have 2 important place = powerful trend in 1810 and fibo 61% in 1850 in down we have powerful support in 1754 - powerful trend line in 1740 -support around 1700 on friday with NFP news gold switch trend (break Thursday high ,mean trend switch to + on gold, high,low is very important on gold ) now gold start + up trend 50% green way can happend...
today dollar index DXY go down (bad employment rate in US) it push gold up , affect of it will continue in coming week ,will give up move energy to gold so we predict 2 scenario (stoch and AC daily give powerful buy) in next days it must touch important big trend on 1815 ,then can go down or break trend and go to fill gap 1860 (pro buyer target is fill gap) ...
NFP= Non-Farm Employment Change show employment in industrial , when it comes good show economy power , will move eurusd,gold to down , move up dollar index,dow,dax 30%=if gold break high ,can fly up to fibo 61% 1850 70%= gold by eurusd will go down,after 1740 touch,big buyer like funds will start buy ( larg banks(they broker like citi,deutche bank) have...
dollar index and eurusd have high relation ship,,,they dont touch trend yet eurusd must go down ,dxy must go up = gold will go down dont inter buy , soon or late gold must touch black trend in 1740 USA 10 year bond yeild going up too =gold sell dont allow 2-3 green candel force you buy , above 3 fact show big banks,fund trader,pro traders ...
as we predict yesterday , alert gold start new down wave to 1740.... red trend line is important ,below it looking for sell , if break mean + trend can start SMA200 on 1 hour chart is very important too (light green line) in red trend i put sellimit and in big black trend buylimit (100% put SL and in your broker site from personal cabin,reduce your...
daily chart pinbar on dollar index push it up , sell pinbar on gold push it down we are going to put buylimit on 1740 to hold 30 day until 1920 ( 1960) strongly advice dont open sell after pullback from 1740 , after 1740 gold can wild move up and dont allow you exit from sell ,instead looking for buy (buystop on high)
many big money traders in wait buy gold in 1740 (hold longterm) in down we have 2 powerfull support comes from daily chart AC daily is green but near to turn red ,when turn red, wild down trend possible to 1740 AC 1hour is down full red now going to green mean 2-3 green candel up move ,zigzag posible result= litle up move possible but main trend is sell...
1-switch trend on gold = gold always after crash , 2-3 day turn range then start go up to 1820 in down we have big trendline in 1740 - powerfull support in 1675 - then on weekly chart fibo 61% in 1450 $ 2 in comming week if gold break low 1770 can go to 1740 (powerfull buylimit place with sl=10.00) then start powerfull trend to 1920 then 1960 take look open...
boys we have powerfull big trend in 1740 , many trader focus on it , if gold break low can melt to 1740(powerfull buylimit place with sl=10.00) if you have old buy , put hedge sellstop in low 1770 (after sell open,dont close it in low,allow gold go down and back to up , open price ,then close it , give time to go upper)
gold next target is fibo 38% then daily sma200 then fibo 61% (green fibo in right side is growing fibo) personaly near big trend 1820 i will sell with sl=10 trailstop=10 (if you want sell ,100% put sl and dont touch it) if sl fill , big trend 1820 break,gold will fly up and big money traders start heavy buy and gold will back to high strongly...
if your experience is under 7 year ,strongly advice dont inter this panic market(gold,silver,eurusd) ,go and rest this week until + up trend appear ,then looking for buy AFTER I SPEAK WITH MY FRIENDS , CITI BANK TRADERS AND BIG FUND MANAGERS :WE FIND NO REAL THING BEHIND CRASH mr pawell say :we expect (maybe, forecast ) change rate in 2023 (after 2 year)...
big fund ,larg banks(brokers) use it to predict future backwardation=gold futures price GC1! - gold spot price when it goes up show larg banks,big fund start buying in futures market whenit goes down show larg banks,big fund start big sell in future market now we have high backwardation in 2 days ago , show big banks,big funds start huge buying ,...
sorrily eurusd emotional go down,effect DXY dollar go up DXY go up effect gold go down but soon will ease ( US10Y yield go down will push gold up in next days ) advice = buylimit above green arrow and hold buys min 20 day to near high (dont close soon with little profit) Gold history from 1950 show if gold 50$ go down,100$ will go up ,see march 2020 crash
fibo 61% and fibo 161%(for find tp) are most important fibo on gold lets see AC and stoch and ichimoku(not very important) on daily chart ichimoku give buy stoch is sell ,but going to buy in next 2-3 candel AC is red ,mean trend is sell but going to green(mean up trend comming) personaly i am waiting AC daily turn green , then big pro buyer like...
DXY fly up couse in gold many buyer on big trend eat SL (no real bad news behind ,only emotion on eurusd) personaly i belive gold in next 4-5 day will back up (daily chart trend is +) in up daily sma200 and fibo 61% in focus i pick 2 buy on green arrow , try to hold them until 1960(soon or late must see it) waiting AC daily turn...