Can the HOUSE CAPITALIZE on a HIGH PROBABLE SHORT from GOLD...?
GC1!
"Excellence is not a singular act but a habit. You are what you do repeatedly." -Shaquille O'Neal
Yo Family I hope all is well. Here i'm going to lay out a few different reason why we may be able to CAPITALIZE SHORT this week on GOLD... This is what we do and we highly skilled at it too... Let's vibe out!!
I study the DXY very very closely as it trades against GOLD hence XAU/USD... Being that the DXY has mitigated Discounted Demand Levels I believe the Job has been completed by sellers and now buyers are ready to drive the price of the Dollar back up... With that being said I believe that GOLD is going to DROP if the DXY is going to RISE IMO>>>
On Tuesday of last week, April 30th on the Daily TF, Bear Candle Stick price opened up at ($2347.6) and sellers aggressively pushed price down 508 pts and closed @ ($2296.2). The next day Buyers bought the price back up and were unsuccessful at breaking Resistance level ($2340.0) and were met with aggressive sellers yet again who clearly were dominate in the stronger hand & pushed the price for gold down even further...
We Are trading now trading underneath the eR/LQ trendline and underneath the RED V-Wap... Major KEY NOTE on the Weekly TF we have a HUGE Inside Bar/ Indecision candle before the huge bulls candles to the upside that has yet to be mitigated.... SO this is where I believe sellers are interested in pushing price back down into, pricing around ($2247.5 to $2171.0) EQ level ($2209.5)... Lets stay focused and watch very very closely for a LTF confirmation entry SHORT!!! I will keep constant update as the market opens back up and price develops...
Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Step!!
Stay Focused & Reach Excellence!!
#BHM500K #NewERA #Champions
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30m TF Current PA, this is more or less the HIGH Probable SHORT set up I'm looking for the HOUSE to CAPITALIZE on... Lets await for more time to develop in PA and then we'll see what we can make!! #500K
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NY Open buyers came in and pushed the price of GOLD up. We are now currently trading around HTF Resistance Level and possibly heading into an Unmitigated 4Hr Supply Zone above ... We are patient for the set up to go SHORT... #500K
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I want to see a Sellers break and close underneath minor support level ($2325.0) then ill be interested in going SHORT...
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If this 4Hr resistance level can hold then I want to see sellers push price down and underneath this minor support level ($2325.0). If and when we can get this to happen then I'll be compelled to go SHORT... Lets await for further confirmation as I'll keep update!! -Management500K
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This is basically what i'm looking for on the 15m TF...
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We got the TAG and now we are Officially In Management of the SHORT.... #500K
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Made Minor adjustments....I believe buyers are pushing to sweep LONDON HIGH.... Lets Manage and see if we can get the big DROP!!!
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As Predicted Sweep of LONDON HIGH and now Dropping... The job is not done, anything can still happen... Lets continue to Manage!! #500K
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THIS is current PA of the DXY as its falling... This is not what we were looking for... I wanted to see the DXY to continue to rise and mitigate the 4Hr Supply Zone above... As GOLD will fall in our favor... Not liking this at all on the DOLLAR...Lets continue to Manage!
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$2318.00 Breakeven Level!!
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30m Demand Held....LETSSSS GOOOOO!!! If the Dollar rises Gold falls>>>>> As they do trade against each other...
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I held over the close....Still floating & Managing...
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We have officially Managed to move the STOP to Breakeven & now we are risk free... #500K
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15m candle closure underneath failed CPB Demand therefor I managed too trail my STOP closer...
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I partialed at this minor resistance level and secured 2 contracts profit roughly around $2K...
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Yesterday my position was stopped @breakeven and Now I re-entered another position SHORT.... Lets get this to TP!!! #BHM500K
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Fell off a Cliff... Managed to move stop to a protected area... NO LOSS RISK FREE IF HIT!!! #BHM500K #NewERA #CHAMPIONS
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($2318.0) WE NEED THIS LEVEL TO HOLD AS RESISTANCE!!!!!
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Resistance failed.... Buyers are to strong this morning and they're heavily defending the 15m Demand and now working higher....I still have my stop @ breakeven... Not looking good atm<<<
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