Can the HOUSE SHORT GOLD from 4Hr Supply/78.5% Daily Fib. Level?
GC1! "Excellence is not a singular act but a habit. You are what you do repeatedly." -Shaquille O'Neal
Top of the Morning Family! As we approach the start of a new trading week 2nd week in July, I have drawn out this Narrative to Possibly SHORT GOLD if we can get buyers to push price up into Higher Premium Pricing on the DAILY Fib... Below I will give a brief description into what I'll be looking for in order to go SHORT on this asset. I am expecting a bunch of Volatility in the markets this week as Donald TRUMP was so called shot at yesterday in a failed attempt at his presidential rally while speaking to the masses...
1) Price is caught on the HTF in between 70.5% - 62% Daily Fib. Levels... Buyers have created a huge 4Hr Bear indecision candle that I Believe will Hold to support more buyers into pushing price into HIGHER Premium Fib. Levels...
2) Now if we can get this 4Hr Demand zone to Hold at 62.0% Fib. Level. and Buyers push price Higher into Mitigating the 4Hr Supply Zone / 78.5% Killzone Fib. Level above, I will then drop down to the LTF'S and wait for a confirmed 15M CHoCh and then look to scale SHORT after the mitigation of these levels have been completed....
3) Now if we can get these sequence of events to take place I will enter off a confirmed 15m Bear CHoCh and look to target 62% Fib Level... Roughly around 250-290 Pts SHORT IN our favor... Also price needs to be trading underneath the RED Vwap on the 1Hr TF and below as a last min confirmation to enter the market SHORT ....
****Please remember we have to pay very very CLOSE attention to the US DOLLAR as they do trade against each other.... Whenever I am looking to trade GOLD I always pay attention to where the US DOLLAR could potentially be headed as well! NVR FORGET!!
4) I'll keep close update as PA develops and we have more data to work with...
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 Keep Steppn!!
Stay Focused & Reach Excellence!!
#BHM500K #NewERA #Champions
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Let's Support Buyers in pushing the price of GOLD into higher premium pricing... $2,440.00/ 78.5% Killzone Fib. Level is the price we are looking for... Lets stay Focused -Management500K
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Price Moving as Predicted so far..... Lets remain patient and see how this develops....
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As Predicted... Now that we have received the Mitigation of 4Hr Supply / 78.5% Killzone Fib. Level... Now we drop down to the LTF 5-15m and we wait for further confirmation to enter SHORT....
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Patience.....
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I just dont trust this 1st Play..... Lets wait until tomorrow to enter.... I feel as if buyers could be going to sweep the HIGH, Im not so sure this 15m supply will hold rii now... Im going to hold off rii now and be more patient!
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As Predicted.... The 15m Supply Zone was false as buyers pushed up into and broke sweeping the last High.... ($2439.00), is the price I need to see sellers push price back down and underneath with confirmed candle closured on the 30m TF N Below & then I will be compelled to go SHORT placing my limit !!! Let's stay focused -Management500K
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Just Received the Confirmation... Now let's wait for the candle closure underneath pricing ($2439.00)
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We got the break and close underneath London Low and now my Limit has officially been set with my stop setting just above... Lets be patient now and wait for the TAG... #BHM500K
Trade active
We have officially been tagged SHORT and now we are in Management of the position...#500K
Trade closed: stop reached
Welllll.....that bout sums up my portfolio exposure for today :( Let's get back 2omorrow
-Real Members , Real Motion. #500K
-Real Members , Real Motion. #500K
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