Well although we touched 1277-1276 and bounced up, this is not a very promising bounce. Good things are: EU is heading higher today, means that even though Gold is lagging to follow, means it will follow up in few. We broke Tendency level 1287 upwards, so even after a pullback the tendency should be up ( although at 1288 stronger level was located so it may...
Hi traders! (This trade was already shared with students) I needed confirmation of the down move before going into this trade. Now that gold clearly broke support and close under it is what we needed. USDJPY also showed us the way! We will have a classic retracement of the up move with gold going for those FIB extension Here is what I'm thinking : XAUUSD...
Hi everyone, Some of the traders are still confuse with Gold. So basically Gold is now standing somewhere between two very important points. If you look at the chart , you will find Blue marked area at the Top, Which is basically Supply Zone For Gold. According to this Gold will possibly not been able to break that zone ,along with Supply zone at the same point...
Beautiful Swing L at 1299. 1299 is more than just a simple level. It is a tendency level + dynamic level that means 1299 should be reached + if broken downwards it gives a bearish sentiment, but if you go long from it and it breaks, there is a 99% chance of a test-back, meaning that you can close the long entry with 0$ loss. If 1299 broken downwards by 2$ there is...
Although I posted an update about these levels, I will chart it for my personal Journal! As far as it cannot break 1293.9 by 1$ + 1296 Gate to 81-77 is open. I am not trading the short side! I remain bullish for 1322 - 1348 - 1378 I will buy elsewhere above or if Gold provides 81-77. Intraday remains bullish but somewhat exhausted! So the break of 93 and 96 is...
Not a secret I have mentioned two PV big targets back in the day 1180 and 1430. 1180 came first when 1430 will be hit remains a secret. But here is the thing, how big are the chances that 1430 can be hit because of these geopolitical tensions? No questions asked that Gold is going for 1348 and 1378. But when these are reached, what's left to reach 1430? "...
In the previous post, I wanted Gold to prove it can be bullish with breaking 77 and 82! Although I tried short, sentiment immediately changed after 1$ break of 1277. And of course after breaking 1282! I would keep buying every daily close without looking at possible dips as they all should be considered as an opportunity to add! I will update swing L's...
As you see on 2-100k challenge account the buy opened Friday is in + based on Friday analysis given that time! I decided to leave this position open and run it up as it goes. But this is not a decision made by the system. That's a decision made by emotions. AI is suggesting a sell anywhere below 1277. Emotions suggest - Hold it, it's going to the moon. The...
Last Month First Move was up, SELL This Month First Move is down, BUY I will monitor 1264-1260 for buys! My targets will be 1282 - 1311 - 1322 - 1348 Of course, will monitor intraday for confirmations and daily swings! If 1260 area is not broken, don't miss the trade! Since 2-100k challenge is fully Live, all my actions and trades can be seen instantly. The...
Hello, guys! The Moment that a lot of you have been waiting/asking for. I have spent 2 years in Tradingview now, and there are two things that made me somewhat popular here. Transition trading and HFT trading. This post is for those following me for a longer period of time. I won't go over it all for newcomers. Transitions ain't dead. They are just stuck...
Hi traders! I posted the chart yesterday but didn't fully post my analysis here. As I mentionned, gold broke his uptrend channel again. DXY making still pushing upwards. I leave my chart to do the rest of the talking. We are already in this trade like, here's what I suggested : XAUUSD SHORT: ENTRY : 1301 SL : 1308 TP : 1274 Trade safe! Disclaimer: This is my...
Given the yesterday's break of 1269, that lead to a possible target of 1260. As well the fact that there was a clear hold n drop at 1282 - break of 1276 and a test-back! We have a chance to see 1260 if 1270 is broken!
Technical analysts say it's working, so I shall try.
Hello. By 0-5-9 rules, if invalidation level was broken, the price has to travel at least 20$ more down. But there is one But. After invalidation level is broken in order to travel down, the price cannot touch/test-back invalidation level. Gold touched 1277. Such test-back brings more options, such as a possible test of 0-5-9 pattern sum ( 1290 ). Test back...
One of Those days where there could be a bull, but for that: Tag 1280.xx Have a volatile break of 3 pivots upwards calculated from the 0-5-9 pattern. In quant mathematics 0-5-9 is used in most frequency Trading robots used to identify reversals. In most cases, such pattern needs a fundamental catalyst. Failure to break 3 pivots or break of the 0-5-9 base level...
Gold is back yet again under 1298. Like mentioned in the previous Idea I didn't like the 92 nonlogical break that should tag 86 as a target. Furthermore, I mentioned how EUR USD can be used with Gold as they both are twins. Experience shows that EU always hit the targets way faster than Gold does. So it can be used as an indicator as well. When I wanted Gold to...
Hi traders, If you been following me you saw the call I made before the FOMC news dropped. We are already off in profit but I still will put up the analysis. We still need a break of the red line in the chart. If you look at the WEEKLY timeframe, a very nice bearish wick is now there and the MACD is about to go HAM on us. SL is already in profit Here was my...