Gold is bullish, and very bullish. But I still want to see downside, yes I know that is what I want unfortunately market doesn't give a fifth of a half eaten brownie about what I want. I don't suggest to sell, I do suggest to add to buys if we get the drop!
In March gold had two PV targets 1198 and 1304. Once new month started it went down straight to 1198 deleting it from sight. ( I did not expect it to do it anyway, just stating it after deeper analysis ) I do think it can tag 1304xx during March, that would be normal based on behavior and pivotal sentiments. Are we reaching 1247? Yes 1247 is what I feel safe...
Details on chart. From now one this will be new chart layout used in my ideas. Simple.
Monday is looking like a bear for correction. But be carefull because this will be called - stealing money from Bull.! So let's steal some and continue up again!
Just an informative chart for followers. Some were asking why there was no spike downwards like normaly it should be, and why there is yet to be any pullback / correction. Because too heavy shorts were in the gold and too heavy longs in dollar. Checked with one of Bankers that I know who is working with largest banks in the world ( not saying the source ),...
As long as 1223 holds intraday gold is ready for 1240-1247. If not then a correction to 1214. Keep in mind if 1223 is broken downward by 1$ then gold is to reach 1214, if not today then Monday, but 1214 become target anyway. So watch for up move anywhere above 1223 or break it and go down.
Gold has really been falling of a cliff this past week or so, with very little in the way of a pullback (for short entry) since the break of the bullish trend line around the $1230's area. I know I have posted a few potential set ups where Gold could have pulled back for entry, but unfortunately they did not play out - which is not a problem, as we would not have...
Sick and tired of awaiting this day. Gold is just not moving. Finally the FOMC day is ON, and finally gold can reach 1247, the bullish accumulation sign it left. And maybe higher. Thanks God this will be over and afterwards normal gold movement daily in play. Take care bro's
for almost two weeks we have been on a bearish trend with gold with the low from last Friday at 1195. ever since then we have been making higher lows as well as lower highs but it looks to be setting up for a bullish reversal and break out which will occur today. this doesn't mean it can't go bearish which it could still continue but I'm looking for a break above...
Wasup, do we still look up? Yes, nothing have changed on my radar. What was the red area in your last chart indicating? Red zone is a zone where I was adding buys ( pyramid principle ), and daily close below this red area is where I start to hedge. Since we did not have daily close below it I did not hedge because I don't need to. My entries...
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
Guys.... As with every $20 rise in price, gold bugs start to throw our the 50k figure... simply not going to happen. Also to add clarity, gold is not a hedge against inflation, rather a hedge against governments. The last idea I posted (see attached), showed this run to the 1250 area before continuing the decline, now it's important to understand that February...
Gold managed to hold advance toward 1249.60, 38.2% level from November 2015 lows, to highs in March 2016. Market now faces resistance at 1197 and 1206, as long as we hold below this zone another drop wave will be expected toward 1172.06. Above 1206 more advance may hit market toward 1249-1250 zone. 1249.60-1250 will be treated as resistance for the coming...
Bullish Candle Count now matches bearish. It is time to buy gold: SL 1193.00 TP1 1250.00 When Target is reached we will take half position off and run Gold long for extended targets if analysis suggest. VLTRA
Pivotal Sentiment finaly come below close price. It may be that sentiment change. If you enter the trade here STOP is suggested 1203. On my table all latest trades run without SL. Target 1248 - 1258 - 1266 ( same targets discussed before ) If today is turnaround day then Bull go after these targets.
Heading out till Friday so not much broadcasting and updating possible from me. So making this idea before I do my stuff. I have done 4 buys 1224.xx 1221.xx 1220.xx and now 1214.xx come that we were looking at. All these buys are done with great risk management and I can survive hell of a drawdown if needed. But I do think it should start the frequency tag and...