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Gc!!

Critical trend line already broken...This is a continued short from where I published the alert of the right shoulder of this massive Head and Shoulders pattern playing out. The H&S is actually sitting on top of a long rising trend line (orange) in the chart. As you can see, that trend line has been breached. Look for a slow grind to $102. Gold is being challenged as a store of value, by that other computer generated code thing. Good luck gold bulls, you're going to need it. Target: $102
AMEX:GLDShort
by streetgainer
1
Is gold conscious of the red trend line?Gold came to see the shape of downtrend. Gold has not reached YPP (P) 1269.009 and is trying to fall again. Please look at the weekly,You can also see the red trend line being conscious. weekly But I decided not to use this line because of my discipline. So I will not do anything now. There is no reliable horizontal line near here. Therefore, as usual, I wait for the entry since I attracted somewhere to PP. << tactics >> 1-1) It got up and reached near YPP (P) 1269.009. It functions as a resistance line. short. The first limit is decided with reference to WePP of the next week. The second limit is on MPP (S1) 1229.533. 1-2) It got up and reached near YPP (P) 1269.009. It penetrated above. Because it assumes down trend, I do not do long entry. 2-1)It got down and reached near MPP (S1) 1229.533, which functions as a support line. Because it assumes down trend, I do not do long entry. 2-2)It got down and reached near MPP (S1) 1229.533, penetrated downward. Short entry will be done once it functions as a resistance line. The first limit is decided with reference to WePP of the next week. The second limit is on MPP (S2) 1206.045. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thick line: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red thick line: Untrustworthy line for me Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
OANDA:XAUUSDShort
by fondiea
Is gold conscious of the red trend line?Gold came to see the shape of downtrend. Gold has not reached YPP (P) 1269.009 and is trying to fall again. Please look at the weekly,You can also see the red trend line being conscious. weekly But I decided not to use this line because of my discipline. So I will not do anything now. There is no reliable horizontal line near here. Therefore, as usual, I wait for the entry since I attracted somewhere to PP. << tactics >> 1-1) It got up and reached near YPP (P) 1269.009. It functions as a resistance line. short. The first limit is decided with reference to WePP of the next week. The second limit is on MPP (S1) 1229.533. 1-2) It got up and reached near YPP (P) 1269.009. It penetrated above. Because it assumes down trend, I do not do long entry. 2-1)It got down and reached near MPP (S1) 1229.533, which functions as a support line. Because it assumes down trend, I do not do long entry. 2-2)It got down and reached near MPP (S1) 1229.533, penetrated downward. Short entry will be done once it functions as a resistance line. The first limit is decided with reference to WePP of the next week. The second limit is on MPP (S2) 1206.045. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thick line: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red thick line: Untrustworthy line for me Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
OANDA:XAUUSDShort
by fondiea
Gold / GC / XAUUSD - Bearish flag forming on the intra-day chartFor those of you already short or looking for a short entry, there is a new, bearish flag pattern forming. I think we could still see price pop from here considering the strong bullish move from the bottom of the flag, but as long as price stays contained within the flag we could see selling pressure re-enter and a break down of the flag setting up a price target of about 1205-1210. Price target is calculated using the length of the flagpole, and then measuring down from the last swing high before a break of the flag channel.
FX_IDC:XAUUSDShort
by krugman87
Expecting Gold Rebound 6-29-18Hello friends, gold has been hit very hard recently. RSI Shows an extreme oversold reading on the daily, at the same level at which price has reversed twice before. the Gold price is also at the boundary of an ascending triangle, and furthermore at the 0.5 retrace level. In addition, it does appear the dollar may be topping out for the time being--at least it's a good possibility we'll see some steeper declines. For these reasons, it seems a no-brainier to go for the long on the next opportunity.
TVC:GOLDLong
by Ian_Carsen
4
Would gold decide to Downtrend?It is gold down since last Friday, but it is currently staying under YPP 1269.009. If YPP functions as resistance as it is, if the trend line of the weekly feet below (currently around 1242.000) also goes down, I think that it is the aspect of the downtrend. weekly chart As the most recent trade. 1) Judge that YPP 1269.009 functions as a resistance. Short and set limit above MPP 1258.160. 2) Pull out YPP 1269.009 MPP 1278.303 is above YPP1269.009, I think that the immediate long is difficult. ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
OANDA:XAUUSDShort
by fondiea
2
GC - Gold is trying hard but...The down-sloping Fork reveilles the most probable path of price. And we see how price reacts to the Forks balance line, the Centerline (CL). It's just wonderful, watching the ebb & flow of this market eve on this lower timeframe. I would not immediately short it but wait for a better tell. Reaching the orange zone would not surprise me, since this is where real structure is sitting, just to bump Gold on it's head §8-) So let's put our hunting Hat on and hide in the bush... P!
COMEX:GC1!
by Tr8dingN3rd
5