to simple gold and his big flagIt is jus an idea but remember that interest hike append when gold was low. Now , it look like the hike will be at a top. Be prudent. I am looking to short if i have a paterne who will tell me to.
D-GC
GC - Gold pulling back to U-MLH support.The breakout of the U-MLH (yellow) set the tone for Gold.
Now, with this scary pullback, many long positioned traders get stopped out and positions change hands
I will stalk a entry long as soon I see some stabilisation at the U-MLH.
P!
GOLD Buy & Sell SetupGold on the daily time frame shows on very interesting setup that can goes either way.
It will all depend on how gold will close today.
Buy:
Close above upper range, 1272 or higher.
Take Profit: 1292
Stop Loss: 1264
Sell:
Close below lower range, around 1269 or lower.
Take Profit: 1235
Stop loss: 1278, if 1260 breaks move stop loss to entry price, from there move stop down $5 for every $10 gold goes down :)
GOLD - GC In a higher perspective flow.The discussions I read in the last days can be very confusing.
...at least for someone who don't think about the context, and time, and the difference between trend and flow.
You can not chart something in a daily, and talking about the next 5 or 10 years.
That's foolish, period!
This chart shows what I mean about a longterm perspective.
Follow price from the beginning, and then observe, how it acts and re-acts at the lines.
Then sit back, squeeze your eyes and ask yourself: "Where is price flowing NOW?"
The NOW is your perspective for the appropriate timeframe in this chart, which is 2 Months!
Think about this and let this information flow through you brain if you REALLY wanna learn...otherwise just drop it §8-)
P!
Gold breaking Upper RangesOn the 4 hour time frame Gold is showing good strength (Daily about to) The 1st upper range has already been broken and it's now pushing against the 2nd upper range. On the Adx indicator the bearish trend is getting stronger and about the take over from the fading bullish (green) trend line. Also the Stoch Rsi shows nice buying pressure.
Buy between 1221-1224
Stop loss: 1217
Take profit: 1232 first. at this price move your stop loss to 1226 or take your profit. I personally prefer to move up your stop loss to protect you profit and see if gold will go to the 3rd upper range. From this point keep moving up your stop loss.
GC - Gold broke the sine wave. Short term long....it halted to the tick at the L-MLH.
Supported by the A/R line, what we have here is a long candidate.
As a target I simply choose the EP = Energy Point.
P!
GOLD will fall alot more!On the weekly time frame we see that not only gold is gonna break its lower range. Its also about to break 72 EMA and 14 EMA. As you can see a break of either of this EMA levels made gold trade in the direction of the break for a few weeks and now its about to break both of them almost at once.
The Adx indicator also shows a strong bearish trend and Stoch Rsi made a nice bearish crossover on the weekly time frame meaning that buying pressure is over.
How to trade:
Sell at CMP or sell the Spike. SL at 1240.
TP: Who knows where this will end, 1190 might be first bounce back zone
Gold nearing lower range and 72EMAAfter a huge wave down from 1294 gold is now not only reaching its lower range but also the 72 EMA on the daily time frame. This will touch this in the 1245-1248 region. Usually when a 72 ema breaks the price continues to move for a bit in that direction. As you can see sometimes the price also bounced back from the 72 ema instead of breaking it.
By the look of the Stoch Rsi indicator its likely that Gold will bounce back from the 72 EMA. With already being in the oversold zone there isnt enough selling pressure left to fuel a good break. Most strong breaks of the 72 EMA where done when the Stoch Rsi was in the middle and showing a strong move.
Today a bullish FOMC might make gold a bit weaker, that would be a nice entry to buy. Since this is the daily time frame I advice to not open a buy in Gold directly but wait for the daily close of wednesday. If it closes around the 1245 region a buy position is in place.
Take Profit targets 1270-1290-1320
stop loss 1236
Goldminers Shares anticipate Gold Price movesIf you look at Goldminers Companies (such as AU, ABX, NEM etc.), and you overlay those companies over a Gold Future GC line, you can see that the trend changes are started by the goldminer companies before the gold price follows. In the chart above you see that Gold GC (thick blue line) is a few days behind the goldminers shares. Just overlay some of those companies on your charts, when you try to find the entry/exit spots.
Gold sweet setup Friday near close or Monday at market openSo far gold has been moving nicely around in this channel. Indicators show that price might decline to the lower range at 1245 at this point either the range will break or there will be a bounce back up that will got above 1300. However we also see that in the past the price already bounced back up halfway the channel. Since the current price is also halfway the channel a daily close on Friday April 28 above 1270 will invalidate a move to the lower range and validate a new upwards wave.
How to trade
Wait till friday 5-10 minutes before market place or monday at market open to see how the daily candle of friday will/has closed.
A close above 1270: Buy gold with a target of 1300+
A close below 1270: Sell gold with a target at 1245.
Stop-loss: $8 above/under current market price
Short term pull back in Gold After a strong rally in recent days over concerns on geo political tensions between US and North Korea, gold looks set to retrace as buying momentum dies off. Expect to see a short term pullback towards 1270 before a possible trend continuation.
spéculative thinkingbase on pattern and the fact that no hike interest rate in europe. a correction in americain market is plausible so . gold should go up but how much. 1295 or1456. we will at 1295 i will be prudent. wont short but will sell some position
GC - Gold, do it again...Here we are at the U-MLH.
Do we turn again south from here?
Dunno...
What I really know is, that price will reach the centerline over 80%.
So, from the perspective of the whit, upsloping fork, I would not initiate a short trade with a longer term perspective...
So lets just observe how price closes.
Above the blue U-MLH or below and how support will come in here or not.
P!
possible H&S reversal pattern on GBPCHF 30min LONG going to open if neckline is broke e.g. by the book GL
