Gcshort
GC1! Chart Idea - Short setupI still am bearish on Gold for next few weeks.
Confirmations:
- Rising Wedge
- Bearish divergence
Entry - 4hr candle close below 2334
TP Range - 2270 - 2260
SL - 2351.2
GC1! ! Chart Idea - Short SetupSwing short setup on GC1!
Confirmations:
- Bearish Divergence
- Rising Wedge
If rising wedge breaks to the downside, TP should be around 2266 - 2260
GOLD - SHORT; Easy-peasyThis is a no-brainer to SELL it right here.
Especially with the DXY about to bottom!
(... which will very likely turn out to be an extremely long-term bottom - i.e., "for good" - as the U NYSE:D is about to go on a historic tear (+50%))
GOLD FUTURESGOLD FUTURES
We have also analyzed that gold has gone to strong supply areas, from which it is possible to continue to fall superstitiously
Today on the 4h, we have a bearish signal on the GC! TARGET 1844Today on the 4h, we have a bearish signal on the GC, as you can see on the chart :
1. We have in Yellow our resistance which holds well
2. We have Barycentre that confirm the bearish signal
Our Target will Be 1844
Summary for today I will be short the GC if the confirmations come in
GC Future Analysis, It's under the VWAP!!GC Future is showing decreasing trend today. The pitchfork indicator shed light on the hallway that limit the trend of GC.
Moreover, the price has broken the range of equilibrium with an important Candlestick chart (Break Point).
Currently, the price evolution is under the VWAP indicator, so it seems the market is going down.
However, we should pay attention to any trend’s change in case we have a break of the pitchfork hallway, or a VWAP break with high level of volume.
GBPCAD short Hey folks,
Im gonna wait price to break HH, than after flat phase with false break of upper border will signal us to go short :P
Watch the full market overview on my youtube channel
www.youtube.com
Gold - The Greedy Pig Short TradeGold on 1H Chart:
- Fractal detected
- Down Trend
- Flow Is Down
- L-MLH BRK
- Test L-MLH
Trade:
- Entry On BRK
- PTG: Partial@CL
- Rest: L-MLH / Trail
Note:
- Initial bad RR
Mentality:
- Greedy Pig <--- Me
GC - No Chance For Gold Anymore.Sounds dramatic?
...I think it is.
Every commodity has it's price. But only the one that Humans are giving it.
Why has Gold failed so many times to make new highs? Why did the Bank of Canada sold (most or now all?) its Gold in 2016?
Yes, I know, we don't trade on fundamentals, but pure price and Action/Reaction. However, sometimes fundamental facts have their merit.
Away from the fundamentals and on to the real "meat":
The white up sloping Fork projects the most probable path of price. Even the Centerline was hit a couple times, without any clear indication to close or even stay above the balance.
Instead price dropped, gone sideways and then it happened...the L-MLH (Lower-Medianline-Parallel) was broken.
A simple break by itself is no intention to proceed the journey to the South. But when the L-MLH was tested a couple times, then the time is ripe to bring the wounded booty down to the ground.
Like a predator is hunting as economically as possible, saving energy and looking for signs for high probability success, we as Forkers are sitting patient...until the time has come, which is now.
Real Forkers are now short this market and stalk the booty until it's out of energy and ready for the final hit...
Let's have a feast at the Centerline...
§8-)
P!
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!
