Price action for the last 4hr. candles is tilted with a bearish bias. Volume is lackluster with a bearish bias as well. These two things i've mentioned in itself are not enough to warrant shorting this market in anyway shape or form !! But are tools to evaluate current short term conditions of Gold's short term possible price movements.
So i re-posted comments below to know if it is time to (short option) the gold price or not to short witch would be sideline (Cash option) or a (Long option)
2 hours ago
Comment: 3:40 pm still trying to hammer the Gold price back home !
If the MA crosses over,in the Gold Box, Hence the red line Ma crosses over green line MA on my gold chart you know, inside the Gold penalty Box a pullback to $1958 would be expected at the least . :-)
RePost 5 hours ago
Comment: Keeping a sharp eye on the currencies that effect Gold's price action at this time would be wise & prudent. Golds still at the cross roads of decision???? :-)
So i re-posted comments below to know if it is time to (short option) the gold price or not to short witch would be sideline (Cash option) or a (Long option)
2 hours ago
Comment: 3:40 pm still trying to hammer the Gold price back home !
If the MA crosses over,in the Gold Box, Hence the red line Ma crosses over green line MA on my gold chart you know, inside the Gold penalty Box a pullback to $1958 would be expected at the least . :-)
RePost 5 hours ago
Comment: Keeping a sharp eye on the currencies that effect Gold's price action at this time would be wise & prudent. Golds still at the cross roads of decision???? :-)
Note
The Jury is still out on this one and have not reached a verdict but we will reconvene tomorrow at 7:30 am 8/19/2020 in this court room by order of Judge Meaglo ! :-)Note
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Yes we got confirmation of a bearish trend if the Dxy and the currencies that effect the Gold movements continue like they have at the present this PM markets will be ready and will have a acceptable risk reward outlook , i be adding to my short's in the morning once again. it is now ! :-) 10:00 pm 8/18/2020Note
Yes the Blue Cross in the Gold Box is a conformation signal i been looking for in the last several day's . > Megalo :-)2 hours ago
Comment: 3:40 pm still trying to hammer the Gold price back home !
If the MA crosses over,in the Gold Box, Hence the red line Ma crosses over green line MA on my gold chart you know, inside the Gold penalty Box a pullback to $1958 would be expected at the least . :-)
Note
Note
Hey Gold Breached my trend line ! 10:33 pm 8/18/2020Note
Reposted from chat room.Hey Gold you Breached my trend ! Bearishish I think i'll take a shower under the waterfall soon ?? Though's guy's got quit for full five minutes when i posted this comment in the chat room ! WoW they went running to there indicators & charts
KaBoom Shaka-Lacka !!! LoL
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6:45 am 8/1912020 in just before O7:30 am court will reconvene then for the verdict & possible today's judgement by the Honorable Judge Megalo > :-)
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Heary! Heary! Heary!
Yes Court has reconvened with the Honorable Judge Megalo presiding over the preceding's !!!
The jury has found that malleable Gold Metal Guilty as Charged. It has found Gold in a newly formed Bearish trend it has recommend to Judge Megalo death by Shorting !! :-)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.