simonepepita91

simonepepita91 Updated 

Possible retest of 1.24500/1.25000 area after short pullback to near term supports. KEEP IT SIMPLE PALS !!!!

simonepepita91 Updated 

-trend lines -1year Fib levels -RSI 14 -Support and Resistance RSI14 divergence on H4 suggest that the uptrend is losing momentum as you can see in past examples highlighted on the chart.... Scenario 1: break below 1338 would confirm this analysis so: enter trade at 1337 with SL at 1343-44 and TP 1329-28 (1h-4h time frame) Scenario 2: break above 1347 would...

simonepepita91 Updated 

The spike we had today I believe it was caused by the BIG PLAYER of the game who wanted to hit stop losses which were all around 1325-1327 area in order to take back control of the market: THE CHART IS STILL QUITE CLEAR, SHORT !!!!! Here is another confirmation of the trend reversal we were about to experience and now we are IN !! Elliot Wave needs the last...

simonepepita91 Updated 

Here you have the HANGING MAN I was talking about in previous idea (see the link below) Clear sign of trend reversal and historically classic movement for GOLD. Wait for CONFIRMATION (big red bearish canle) in order to jump in as the price may go all the way down to the 23,60% Fibonacci level at 1251-1257. GOOD TRADING TO ALL OF YOU

simonepepita91

Since 2013 the 23,60% all time Fibonacci level has been the most important support, resistance, retracement level and the most targeted value on both bullish and bearish trend; As you can see on the chart everytime the price of gold was entering 1300-1350 area, the 23,60% Fibonacci level at 1251-1257 was retested and I believe this is not going to end today,...

simonepepita91 Updated 

After my last trade, based on RSI divergence -see the chart on my profile-, was quite successful GOLD went all the way down to make a new high low going perfectly synchronise with the new uptrend. It s very clear now that, unless huge positive development happening with FED&CO, GOLD will need to jump back to the uptrend trendline resistance making an higher...

simonepepita91 Updated 

Another strategy there I use when markets shows range behavior and which was quite useful to me, is RSI (14close) divergence. When you are in a trend, in this case uptrend, and market makes a higher high (see the blu rectangle) but RSI makes a lower low(see the blu rectangle), means that price action and indicator don t agree on the direction and trend is losing...

simonepepita91 Updated 

Last thursday GOLD broke the trendline resistance forming an unevitable new uptrend which may still be affect by FED ANNOUNCEMENT happening tomorrow and next week upcoming events. During London session, we might see another classic retest to the new born mid-support 1233.50 (also a fib level 38.20%). IF this occurs,also considering stochastic direction,then 2...

simonepepita91 Updated 

when broke support in up trend, we always saw strong retracement upward..... when broke resistance in down trend, we always saw strong retracement downward..... I'm SHORT from the last 4h candle start forming going down, which is 1237 (other strong resistance`), I ll close half at 1229-1231, add more if it breaks trendily support or close if we go back to...

simonepepita91

Scenario 1 (weak USD) Gold goes to 1215 but bad news for usd send it rallying up to the 1242-1245 level and up, watch trendline break for long entries Scenario 2 (strong USD) Gold still goes testing 1215 but good news for usd make it break through first strong support, it will head towards 1205 (second support) and test it, watch support level break for short...

simonepepita91

Scenario 1 Gold goes testing 1215 before rallying towards channel 1242-1245 and up. down short term-up long term