XAU/USD fails to break below 55-hour SMA In result of the previous trading session the exchange rate slipped to the lower trend-line of a junior ascending channel, as expected. Although the pattern has been broken, the further plunge still seems unlikely, as the southern side is reliably covered by a combination of the updated weekly PP at 1,316.13 and the 55-...
Gold continues to inch upwards towards major resistance at 1332 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap resistance) and a strong reversal could occur at this level to drive price down to 1294 support first (38.2% Fibonacci retracement, horizontal pullback support) before 1272 support (61.8% Fibonacci retracement, horizontal...
GOLD buy limit at 1279 and Re-Enter at 1276 Take profit 1 : 1294 (140/180 Pip) Take profit 2 : 1310 (300/340 Pip) Stoploss : 1268 (120/80 Pip)
1277 break that open gate to last small target 1265 has been done. Besides that one, I didn't have any other target and I made my first buy! Since I don't know will 1254 will be reached and what piece it will develop I split my margin impact into 3 positions! Sorry for maybe too long video ( whole 10 mins ) I was rambling because my mind is full of some other...
Hi. It is worth to risk a sell below 1296 and aim 1270. Good Luck.
Have to Admit that I am disappointed for stepping in the world of trading with a Stop Loss, last months while trying to use it my trading has gone totally bad. I will quote something I said from Previous Ideas about 1276. Whenever there are Gate levels, at some point, Gold likes to break them and go opposite direction without reaching the gate level break -...
Today on opening Gold should move up without breaking 1290, one can buy right at opening! And close should be above 1300 if we can break 1299. Other than that of course Aim for 1322 as the first target, then 1348. Don't forget 1277 is a target as well, but I believe we will go for it after a month or so somewhere from Highs. GL. All trades and setup can be seen...
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...
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!
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...
Close on Friday was Below 1298 Not only psychological 1300 level itself but 1298 - 1299 area is pointed out as a strong sell level! I will definitely sell. If Gold breaks out upside I will close the sell after the pullback at BE and Go Long. 1299 is a transition type level so going short is not that risky since if broken upside will do a pullback. In General...
This close was important on the Intraday basis. If we can Get over 1302 - 1304 area we can test 1310.6 pivot. And if so there will be a chance to test 1318 as well. One can buy with SL below 97. Personally, I will consider a long entry at opening based on the first move behavior.