In D Chart, Gold is making huge bullish flag. And now we just touch down support zone. (Refer to my previous post)
Gold has to close above Red box zone for the week in order to show bullish formation, and break the upper TL to resume 13xx area.
Strategy 1: Short at red box zone if 4H shows bearish formation target green box zone or even lower.
Strategy 2: Long above red box zone if 4H shows bullish formation or Long at green box zone.
As I mentioned from my previous post, I think most corporations and investors are injecting their money to cryptos. I am inclining to Short Gold. Good Luck!
s3.amazonaws.com/tra...shots/5/5uAwwmtq.png
Gold has to close above Red box zone for the week in order to show bullish formation, and break the upper TL to resume 13xx area.
Strategy 1: Short at red box zone if 4H shows bearish formation target green box zone or even lower.
Strategy 2: Long above red box zone if 4H shows bullish formation or Long at green box zone.
As I mentioned from my previous post, I think most corporations and investors are injecting their money to cryptos. I am inclining to Short Gold. Good Luck!
s3.amazonaws.com/tra...shots/5/5uAwwmtq.png
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Consolidation expected after a huge frop. May last up to a week. Lets wait for a break below 1243 or above 1250 to see where it is going.
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GOLD AT GREEN BOX NOW
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I am not surprised if we are going lower, all investors are going to cryptos. BTC is trying to push higher, ETH already jumps from $450 to $600+ in less than 48 hours. No funds flowing to Gold.
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1240.50 Long, shifted to breakeven now. Whomever on my Telegram channel. Congrats boys..
We can miss 1237, but we won't miss the pullback.. ;)
We can miss 1237, but we won't miss the pullback.. ;)
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I believe the interest hike is already priced in by looking at how DXY climb these few days. I am not surprised if DXY take a dive later on.
s3.amazonaws.com/tra...shots/c/c785VqEG.png
s3.amazonaws.com/tra...shots/c/c785VqEG.png
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:)
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Long closed at red box, 1261
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Lets see daily candle at red zone, break up or bearish hammer?
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4H and 1D candle is still bullish, wait for week close. Wont be trading until next year. All volumes are not showing real direction now.
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81 broken, 99 is next..
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99 hit.. :p
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1321-1324 next...
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21 hit. ;)
Can it breach higher to above 30?
Can it breach higher to above 30?
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DXY may help this move, soon...
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Gold broken down the triangle and DXY broken up ascending wedge... Looks like heading to retest the TL and monthly pivot..
s3.amazonaws.com/tra...shots/3/3Erfr86R.png
s3.amazonaws.com/tra...shots/3/3Erfr86R.png
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If this week close is above the uptrend TL redline, 1390 is on sight. (as per my main chart)
s3.amazonaws.com/tra...shots/q/QjNqJE0k.png
s3.amazonaws.com/tra...shots/q/QjNqJE0k.png
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Grinding up, ladies and gentlemen... Patience....
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50% holding...
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Not primed to launch yet. Might go lower Pre-FOMC. Good luck..
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50% held. We are on track to 1391 by mid Feb I suspect.
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s3.amazonaws.com/tra...shots/g/GQ4VyxhN.png
Two possible moves from here. Bullish flag is forming.If it never breaks up the upper TL, risk can drop to ~1312 area
Two possible moves from here. Bullish flag is forming.If it never breaks up the upper TL, risk can drop to ~1312 area
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Gold breaching upper TL green line, close above it means 91 still the final target.
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4H didnt break up upper green TL. HnS is in the making. I wont be surprised if we will go to 1290s
s3.amazonaws.com/tra...shots/y/YUxEsqAk.png
s3.amazonaws.com/tra...shots/y/YUxEsqAk.png
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Closing my short here. Pullback is making PA back to channel and now retesting channel. Plus today is Friday. Let the D and W candle close to decided where it will go next.
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Day and Week has closed, potentially it still can consolidate in the channel...
s3.amazonaws.com/tra...shots/l/LXoHi0C2.png
s3.amazonaws.com/tra...shots/l/LXoHi0C2.png
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Breakout Upper Green TL, retest and doesnt close below and shoot up, nasty wick.
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s3.amazonaws.com/tra...shots/d/DU7d8LsP.png
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It feels like forever, but Daily Bullish flag is Done.. 4 waves are completed, and Daily candle about to close breaking the TL. (watch the orange circle). 1390 still on sight. No changes..
s3.amazonaws.com/tra...shots/n/NJ1LiJCU.png
s3.amazonaws.com/tra...shots/n/NJ1LiJCU.png
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Bearish? I still don't think so. I feel this is a consolidation phase.
s3.amazonaws.com/tra...shots/5/5dfQ8Ci2.png
s3.amazonaws.com/tra...shots/5/5dfQ8Ci2.png
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Finally... it has moved more than $25 so far... since 2 days ago.. :)
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Keep buying dips, 1390 area is a must to hit. 4H and 1D, not bearish pattern yet.
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Still didn't break the TL upwards, but still supported on weekly pivot. The longer it consolidates, the bigger the move, let's see.
s3.amazonaws.com/tra...shots/h/Hj4q1Nsy.png
s3.amazonaws.com/tra...shots/h/Hj4q1Nsy.png
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Let's see
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Soon, we will see some big movement. DXY at a critical point. Close above the Red TL means DXY will rise up after being supported at 61.8. Unable to close it this week means, DXY will plunge and continue the downtrend. Then we will see a clear direction for gold as well.
IMO, the waiting is almost over.
s3.amazonaws.com/tra...shots/v/vexoZ0Qu.png
IMO, the waiting is almost over.
s3.amazonaws.com/tra...shots/v/vexoZ0Qu.png
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Coincidently, Gold at daily Support TL as well.
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