Long

Roman candle analysis > (-:

Updated

The Big Blue Star Burst and the Yellow arrow signifies a Trend changing Golden Candle was Formed. The Roman Candle and Yellow Arrow illustrates where a Roman Candle Trend changing Gold candle might be formed ? (What a Quinky-Dink and just in time for the Forth-of -July too ?) There is almost an exact mirror image with an upper bias illustrated in my Gold chart !! The falling Red Umbrellas depict a possible path of travel for gold pricing in the near term futures. ( I guess one could use the falling umbrellies as PPE or cover from the candles bright bursting glare and potential Fall-Out of burning embers) I use my ever evolving (KISS) technology in the building and creating of all my charts. (KISS) " Keep it Simply Smart " :-) I have been trying to project my thoughts and thinking with some digital imagery that encapsulates the imagination with fun and enlightening charts and original out of the box thinKing for the last year >. I'm trying to Break out of the mold of the same old cookie cutting mentality as i see time and time again hmm; that brings Herd Mentality to Mind ?? (Nah it's just me.) All of my Charts in my profile are embedded with simple codes for the illuminated to see and useful data and insights .

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Trying to simplify my thought processes onto the digital platform is some-what more daunting and complex then i thought. Furthermore trying to convey possible simplified price movements of gold is maybe more complicated and perplexing than i could possible of imagined. But i tell you what, i will give it that old college try !!! Rah Rah Rah !!! So i will continue using vivid imagery on my charts to clarify. And that old favorite tool (cut and paste) were conducive in my conveyance and where it is logically applicable of my old comment posts. :-) (KISS) will be used to stream-line to illustrate and foster my ideas.

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"Please Trade Responsible" do not trade my ideas without doing your own research and analysis. :-) If you do trade use stop losses where its relevant feasible and logical.

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Comment: MEGALO1
4 hours ago
On a daily time frame the analysis calls for a pullback 1753 down as far 1746 arena near term, there is also severe gaps too fill in some of the major miners as well. Given you buy paper miners or the most popular etf's . If one is trading gold in futures be ready for severe volatile whipsaw portfolio erupting (stay away from the futures danger options are much worse!!!) I believe the powers to be are setting up a major bull trap and creating the illusions or thirsty mirages and given an allusion for all traders of a strong bull leg up ,too all new high's with the current geopolitical tensions Chinese Communist Party (CCP Virus) and our on racial apologetic overdone Nation. It seems to be the perfect storm, in favor of bulls. I'm still in the camp of Leonardo it must retrace with a 76% retracement before building any relevant new highs taking place. Too sum things up and to clarify keep your shorts and add to them where its practical and logical to do so, that's my advice and that's what i'm doing here also. As always Good and Fruitful Trading !!
ie... fra978 (KISS) Keep It Smart & Simple :-) Megalo>

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Comment: MEGALO1
3 hours ago
If Gold breach's the 1730 mark that would be 7 day ma if you will (guess ta mating) less say next stop is 1689 would be support arena ???

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Comment: : I do believe that the civil racial disruptions domestically and the CCP virus (Chinese Communist Party Virus) and the geopolitical tensions are twice baked in when it comes to Golds price action ? I would venture to say that the price of oil has been dinged more then any other commodities with the over propagandized CCP virus and not so much for Gold ! The over propagandized news of social racial inequality does not have any effect on Gold trading in general !!

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Comment: One thing i did not Discuss today in my analyzing Gold going up to the price arena i have stated in above comments is realistic and highly probable. So keeping a little insurance like by buying some shorts today would logically be excellent hedge against anything going amiss. :-) That would be conducive from a day traders perspective. Myself being a swing trader hold short and sell off and or buy more or vice versa is more my style.

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The last (4) four posted comments on this page, where re-posted from Fridays conversations and posts.

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Gold's price of point $1779 might be a trigger point for a bearish candle come Tuesday?

MEGALO1

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