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 analysis as we get into the trading week. Big G gets all my thanks and praise. I wish a safe, profitable trading week to all. ( Pip Whisperer Baby... Get Dat Bread )
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I moved my Buy Limit down a bit and my BUY Entry is 2358.91 Looking for a push up towards the 2374 area today. My apologies for putting my Buy Limit on the posted chart lower than what I published. I was thinking 2363 but put the buy limit on the chart at 2263. My bad. Let's see how things play out. We opened and went up like a dollar, then 30 to the downside to take out existing Longs.
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Just checking in to say that on the 30 min. chart if gold drops below2358, I will close the trade and look for a lower entry. THis should be an amazing day.
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I got out and let gold drop... I am in a Buy now. My entry was 2335.95... I am looking for a push up soon. If, on the hourly canlde, we break and close below 2330.96,then I will close the trade ( or a portion of it) and look for a lower entry. This week is going to be Amazing. Buy the big dip.. that is what I just did. $50 daily candle all in the last half a day??? we should push back up on the daily and have a long red wick with the candle body at 2374 area, that is what scenario I am looking for. Let's see how it plays out. Shout out to Big G. Oh and Joshua , my friend from Malaysia.
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I got out of the last buy with a few pips in the negative. I am in on my 3rd and final trade of the day.. Buy Entry was 2329.18 I am gonna hold this for a bit. Hoping we start a push up. BIg G gets 2 thubs up. Let's see how it plays out. IF we drop and close on the 30 minute candle below 2329, then I will close the trade , put a buy limit in and wait for tomorrow. Happy Monday. This week should be super juicy.
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WOW . How about one daily candle that is now $64 dollars down. I am looking for buys Only if 2029 area holds as support. Don't get smoked out.. just be patient.
Pip Whisperer