GOLD - King of the Thieves
The triangle plays out as expected.
This time I didn't play the short side, because it's getting too dangerous for any short. You have to be very nimble and fast to jump out at the right time from a short position in a spiky bull market like this one. I'm also afraid this might be a tricky breakout without the tag of the lower trendline, so I will play this on the long side only.
The 50 EMA and 50 SMA played an important role in the triangle, so I will use this as an entry for another long position.
RSI is oversold on the hourly and turning up.
Don't forget we are trading with bankster manipulators. In this case you have to act like a thief and expect the unexpected.
This time I didn't play the short side, because it's getting too dangerous for any short. You have to be very nimble and fast to jump out at the right time from a short position in a spiky bull market like this one. I'm also afraid this might be a tricky breakout without the tag of the lower trendline, so I will play this on the long side only.
The 50 EMA and 50 SMA played an important role in the triangle, so I will use this as an entry for another long position.
RSI is oversold on the hourly and turning up.
Don't forget we are trading with bankster manipulators. In this case you have to act like a thief and expect the unexpected.
บันทึก
While everybody’s waiting for the tag of the lower trendline of the triangle how about a breakout without a red follow-through day tomorrow ?บันทึก
We found support on the 100 SMA on the 1 hr chart.บันทึก
Same 100 SMA on the 4hr chartบันทึก
... and the 50 SMA on the 8hr chartบันทึก
Shouldn’t we print a red candleToday if we want to tag the lower trendline?
Why is this candle green?
บันทึก
Because we will break out next week.บันทึก
Today's price to watch for the breakout is 1425$.บันทึก
Moment of truth.
บันทึก
I think we are breaking out today.The move above 1424 will trigger a lot of buys.
บันทึก
บันทึก
We stopped at the trendline a bit.If it's a flag it might be breaking out here:
บันทึก
... and we might have just tested back the breakout:บันทึก
บันทึก
DON’T TRY TO SHORT IT. It’s not a fake breakout. If you are in sit tight. If you are not in, no revenge short. 1500 is coming soon. This will go crazy especially if DXY collapses.บันทึก
I think the flag is ready to break to the upside.บันทึก
I'M not a big fan of today's price action. I have a MOET in the fridge for the weekend, but I will keep it for better times. บันทึก
Price was hit hard almost immediatley after NY open.First it seemed we just back test the green box, then we just sliced through the blue trendline. Now we have the red trendline as possible reversal zone, but this doesn't look good.
บันทึก
It could drop a bit more and we are still just back testing the red trendline.
บันทึก
The dollar just can't roll over.บันทึก
We have option expiry today:marketwatch.com/optionscenter/calendar
บันทึก
That might be the reason for this slam.If it's because of the expiration, it might rally by the close.
Let's see what happens at 22:00 Berlin time.
บันทึก
Is the triangle backtest ready finally?I guess we will get know by Wednesday.
บันทึก
Tough day for shorts today:ปิดการเทรด ด้วยตนเอง
บันทึก
I’m waiting for this 2nd DCL at the 50 MA at around 1410-20. Then one more pop higher wher this IC tops out with the 3rd daily cycle top. Then comes the move into the ICL.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน