Hello traders. I took minimal trades last week. I am watching the opening and how the overnight sessions go . I can see potential scalp sells and buys. Lower time frame confirmation is a must, and conditions must be met for me to take a trade. $2300 / $2298 is the area to watch as well, if it holds, we can push up to retest the 2310 / 2315 area. This is...
Hello traders. I am looking for a good entry for potential Sells. Saying that, if 2302 area can hold as resistance, then I would look for a Sell at athe 2300 area. SL is 2310 area and my take profit would be 2385 or a touch lower. This is just speculation and a trade set up idea... Trade at your own risk. Gold is at the mercy of the US dollar, which is...
Hello traders. I am waiting patiently to see what gold does today. I have marked my areas of interest for scalp buys and sells. If the daily bottom of the yesterday's candle body holds as support we can push up, otherwise we will have to wait for confirmation with a break and close below said area and I would look for the sells after a break and retest. This...
Hello traders. Fed has gold and crypot markets dropping a bit. Buy for me if 2305 area holds as support. Clean, safer buys above 2340. I have marked the area of interest for scalp sells and buys. Let's see how things play out. Big G gets all my thanks. Happy Wednesday. Whoever got the buy in at 2390 area did well.. I took no trades today. Thanks so much.
Hello traders. I wanted to do a follow up post pertaining to the weekly outlook. So we did break and close below the 60,300 area, and we see more downside. Now the question is how far will we go down? First, let me say that we have several more weeks and up to the next 4 months of this sideways movement. The longer and deeper the retrace, the better the long...
Hello traders. Another trading week under way. I have marked my areas of interest for potential buys/ sells. This is a daily chart and obviously lower time frame confirmation, as well as other factors would need to be considered before taking any trade. For me, I know that all wicks get filled, and i can see great scalp sells and buys. If we push way up, 2360...
Hello traders. Nice day overall. Last trade is still running . Buy entry was 2329.07....82 pips in profit as of this writing. Big G gets all my thanks. Profit was secured earlier , SL at my entry point (break even) and runner is running. Big G gets all my thanks. Happy Friday. Going to hit some shatter, and go sit in the sun. Life is amazing.
Hello traders. Taking a look atthe 4 hour chart and my previous marked analysis, I waited to get out of my no trade zone. I took a Buy entry at 2338.62.. My SL is 2329 and my take profit is 2350 area. Let's see how it plays out. I am a few pips in profit as of this writing.. Saying that, if we dip down some more, I will close the trade with a few pips and get...
Hello traders. I have marked my area of interest but for now I am just waiting. The current 4 hour chart is all choppy trash to me. I am waiting to see later what happens with the overnight sessions to get out of my no trade zone. I can see a scalp up from the 2316 area towards the 2326 area but for me I will wait for a break and close above or a rejection...
Hello traders. Here is one of my rarely posted, highly coveted chart. ( well , not really. I just wanted to add some allure ). I have marked where my buy limit is set. We will have months of ranging and consolidation until we find true, defined support. I am buying any dips of 10% or more. Let it drop and shake out all the leveraged traders. This is...
Hello traders. I have marked my area of interest for potential Sell positions. Gold had a great run up, but unles we break and close on a 4 hour Above the 2333 area,I am bearish for a trade. This is speculation, so check the charts before taking any trade. I type slow, and I am doing a bongload. Saying that, I am in a Sell from 2328.63 after the rejection of...
Hello traders. I caught some pips today but with so much downside I decided to wait to see how the daily closed. Wow. And in total with the new daily candle we have moved down almost $100. Saying that, my analysis from yesterday is still valid. We did drop that far and I am watching the marked area where my buy limit is set. I will adjust and move it down a...
Hello traders. Taking a look at spot gold I marked the one red candle on the weekly chart , the only one in 11 weeks of upward movement. I am not saying we will drop that low. BUT , my buy limit will be adjust to 2355 if needed, or lower. Gold is on a rip run for sure, now is not the time to short gold, maybe some pullbacks. I will post some lower time frame...
Hello traders. Let's see how this plays out. I took a sell from 2417.93 . The red line marked on the chart. Looking for a good push down. SL at 2437. Big G gets all my thanks.
Hello traders. I have marked my area of interest for gold today for potential sells. This is speculation for now and just an idea. $2390 / $2388 needs to hold as resistance for gold to push down. I will wait to see how the Pre NY volume / NY open goes today. The Pre NY volume starts in a few hours from now. I will update as we get into the trading day. Big...
Hello traders. Taking a look at the 4 hour chart, I have marked my area of interest for a potential Long position. Let's see how things play out. I want to give a shout out to Big G. I will update as we get into the day. A break and close below the 2371 area on a 4 hour chart and this trade idea is invalid.
Hello traders. Just a quick update on the Buy I took from 2332.72 I am 224 pips in profit from this one trade. I closed 50% earlier at 170 pips. My runner is crushing it. All thanks to Big G .. I am done for the day.. Let's see how things play out. Truly done for the day.
Hello taders. Great day.. I caught the move down, and then I bought in low. Entry is shown on the chart. Let's see how things play out. I have a buy limit set in case we drop back down. I am waiting to see how the next few hours play out. BIg G gets all my thanks. We need to see if 2340 area holds as support and for gold to break above 2357.57 for a...