RoboCash

RoboCash Updated 

Last 2 30 mins candle is bearish. It is a good (but a bit risky) sign to short. I usually use 4H. But since all factors are in-line. I take the plunge. Remember, I am overall bearish of Gold still. If 0.5, 0.618, and 0.768 doesn't hold. It is not surprising that I will aim for 1196 and 1180. We will see.

RoboCash Updated 

Let's step back and see the big picture. It is easy to get overwhelmed and excited on what is happening. What do you see? Watch the candle close, and let price to stabilize a bit before we take a position. I have decided to close all longs now. Big picture, Gold is still bearish to me. I am prepare to take shorts on shorter timeframe.

RoboCash Updated 

This chart speaks all. All the explanations are related to my previous chart. Long Criteria : This week close is above 1222-1223 Short Criteria : This week close is below 1211-1213 (below the bottom of uptrend line)

RoboCash Updated 

It will be short and sweet. I am still bearish for Gold. Possible moves are indicated in those arrows. Entered short 1219 area. If it breaks 1221-1222 candle close, I will abandon my short.

RoboCash Updated 

I took a short here around 1227 area with tight SL close above the channel in 4H. For those who long on the bottom, you can put SL at BE and try to aim 1236 still as my previous chart. I just dont like counter trend trades.

RoboCash

Watch the bear flag forming, break the orange slope will trigger short. SL will be above pivot line candle close.

RoboCash Updated 

Gold has been dropping steadily without retracement, there are 2 scenarios here. Please proceed with caution for those who wants a re-entry. Only proceed with clear 4H candle for next move. Good Luck!

RoboCash Updated 

Just shorted at 50% retracement around 1247.50. Chart is self explanatory. SL above upper yellow triangle line candle close! First Target around 1236. If it rebound, it will be double bottom, if it breaks... lol.. Good luck.

RoboCash

Revised target to be 1220-1222. Pls refer to my main idea.

RoboCash Updated 

Watch the yellow box. Thats the 50 and 618 area and the previous uptrend line. Thats where things will get messy. It will determine if it will break up or drop! For now is a long for me, as mentioned on my last week post.

RoboCash

Wait for 4H close for direction.

RoboCash

61.8 rejection. Bear structure still remains. Add more short when break 1216.

RoboCash

Structure is still bearish, shift SL above 1223. Watch the X.

RoboCash

Gold shouldn't close above S1 in 4H. If it does, close short. We have reached TP1 and SL should move on BE yesterday.

RoboCash Updated 

Strong DXY, and Gold has no bullish outlook so far, unless it can close above 1230 4H candle close. Short till 1217, 1209, and 1196 possibly.

RoboCash

1228 is a hard resistance now. It shouldn't breach that.

RoboCash

Just and interim analysis...

RoboCash

Just an update of gold possible movement