GOLD - Straight Story
Updated
2017. July : Gold broke an important resistance of 1216$.
Before the panic selling could have started, Kim Jong Un's nuclear test and missile launch over Japan stopped the panic selling in gold.
Gold was forced into a shorter intermediate cycle that summer. The next intermediate cycle was extremely long. It lasted for 177 bars.
Our current intermediate cycle is on day 187 today. If we accept that the intermediate cycle haven't bottomed yet....
But I don't think so...
I think we are on day 2 of a new intermediate cycle and Kim Jong Un is a headline again. Trump just tweeted about how tariffs are going up from 10% to 25% on Friday.
The NAS100USD has dropped nearly 200 points at tonight's open.
Gold had 2 chances to start its panic selling during the last 2 weeks.
It didn't start though.
Notice how the RSI is printing the oversold zigzag what I laike to see at the intermediate bottoms.
Also the daily MACD has crossed over. I think we are finally ready.
Invictus gave an entry signal both miners and gold.
I think finally we are ready to launch.
1288 is the weekly swing level, above that the short squeeze is starting.
Before the panic selling could have started, Kim Jong Un's nuclear test and missile launch over Japan stopped the panic selling in gold.
Gold was forced into a shorter intermediate cycle that summer. The next intermediate cycle was extremely long. It lasted for 177 bars.
Our current intermediate cycle is on day 187 today. If we accept that the intermediate cycle haven't bottomed yet....
But I don't think so...
I think we are on day 2 of a new intermediate cycle and Kim Jong Un is a headline again. Trump just tweeted about how tariffs are going up from 10% to 25% on Friday.
The NAS100USD has dropped nearly 200 points at tonight's open.
Gold had 2 chances to start its panic selling during the last 2 weeks.
It didn't start though.
Notice how the RSI is printing the oversold zigzag what I laike to see at the intermediate bottoms.
Also the daily MACD has crossed over. I think we are finally ready.
Invictus gave an entry signal both miners and gold.
I think finally we are ready to launch.
1288 is the weekly swing level, above that the short squeeze is starting.
Comment
We might get our breakout finally this week.Comment
While everybody is waiting for a lower low and a severe panic selling gold quietly breaking out.Comment
Nadty reversal from the trendline by the close:Comment
I still think this ugly red pinbar will be erased by friday close and we will break through the trendline next week.Comment
We might erase it today already.
Comment
There will be an extreme rally if we break 1292. Everybody and his dog went short at the close of yesterday -based on the bearish pinbar.Comment
Better to fasten the seatbelts.Comment
Someone big is buying. Comment
New high.Breakout from the double bottom.
Comment
We are in the new intermediate cycleComment
If you have some dry powder or if you missed this gold call you still can buy silver.Comment
I think it’s going to follow gold very soon.Comment
Flag breaking out.Comment
Bad timing in gold manipulation:Comment
The trendline and the breakout tested back yesterday.Can we start finally ?
Comment
Still holding the longs despite the frustrating whipsaws.Yesterday’s green candle have a follow through:
Comment
Let’s See if the unlimited seller comes back again today or not.Comment
On the other hand God might be signaling the bottom in the currency market:Comment
Higher highTrade closed manually
Invictus gave a sell signal.Comment
Closed at 1324,9
Comment
I will buy the pullback if there will be.After all we have nearly 50$ profit.
Comment
I jumped out a day earlier.. I'm not in a big rush to load longs yet.
Comment
We just tagged the upper trendline and turned down violently.
The risk is high that the daily close will be a
1. Inverted green hammer
2. Shooting star
3. inverted red hammer
Comment
It seems we printed the daily cycle high today.
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