This looks like a shorting opportunity after filling th gap left yesterday. But i think the economy is not doing as well as the stock market indicates so I am going to remain cautions on gold since it is counter trend to the s&p. the govt needs to have the economy look better than it is hence the new high in the stock market. I dont believe it. when things...
I was looking to go short but i see that there was a gap beginning a 1350.46 on a 15 minute time frame... I have learned that these gaps usually get filled. I am still looking to go short but I will be waiting to see if this gap is filled and if the gap is filled I am looking to go short in the 1350 tp 1355 area. until then I am looking to go long for a...
i am still looking to go short here for now, but am cautious since gold retraced past the 62% area. If the retracement continues past here though i would look to stay long into a full retracement to 1366.94
I am paper trading and am looking to go short gold at the .236 retrace(1338.37) to .618 retrace (1351.21). I dont rule out the upper retracement but think it will only retrace to the 1338 area before turning down.
I am thinking that since the S&P made a new high it should continue with that trend for a while. Gold should start a counter trend downward. I will...
Gold is hitting resistance at current levels during its correction from the 2011 high to the low ending 12/2015. It could retrace to approaching the 50% area maybe.
prepare to go short XAUUSD after ABC correction ends (note on chart) . This is a continuation of an Idea I published yesterday. It just happened to work out so this may work out too. if you have a different idea please let me know
after Monday May 1 and Tuesday May 2 Trading XAUUSD Gold is Heading into a short to medium term bear market
It has traded lower than the last two highs and has now technically weak. It could recover to make new hights but until then it is considered a short opportunity near term. In light of the financial and worrisome world climate with many unknows, this...
long term reversal pattern starting july 2015 with 1 down until august 24 2015 for 2 back up correcting until november 2 tripple top ... wave 3 down should start about now.
