GOLD / Early on the ShipHave to Admit that I am early on this Ship.
My lowest Buy is 1311 so the absolute DD is/was 33$ with the given H 1344.
Today when Gold came back up after filling the gap, I was monitoring 1333 and praying it is not broken back upwards but did not happen.
At 1334 I had to hedge so I can survive this.
At the moment I will go aside a little bit, and wait for a confirmation.
1346 is a new bullish phase entry.
I have set a BE on my 1334 Buy so that if the reversal Comes I get the buy closed and I can slowly get back to the surface.
So at the moment being hedged, I won't do a lot, but if there will be some breakout type signs I will again take action.
I guess sometimes you just have to be wrong, otherwise, you would own it.
I will update if I get something.
Xauusdwave
XAU/USD Long Opportunity - 200 Pips + Gold LongXAU/USD is currently strong and could possibly go back up 200 pips+.
This is a long term opportunity, I would say 1 week or more for it to reach TP.
Always make your own analysis before investing and money manage properly.
This is only an idea.
Happy Trading!
Gold (XAU/USD) Next Target $1200 per ozHere I have found an opportunity on XAU/USD with two possible scenarios.
Dependent on todays (05/07/2017) Daily candle close on Gold (XAU/USD); I have found two seperate possibilities - either option still gives me the same bias on Gold, which is a short to $1200 per Oz.
If we get a Daily candle close as a shooting star, I will automatically enter a Gold short, with stops above 20-30pips above the high of the shooting star. Targets would be just above $1200 (maybe $1201.00). The reasoning behind this is that I think we have a lot of bearish momentum with Gold at the moment, a weak daily close could be enough to push gold lower without a pullback.
However if we see a green bodied close on the daily candle, I still believe we are in consolidation and a pullback (up to retest the trendline we recently broke, which matches with the 61.8% Fibonacci area) could well be on the cards. So if we do see a strong daily close, I will await a pullback to these levels before looking for short opportunities.
I have clearly marked both possibilities on the chart (see the arrows).
I shall update later today, let's see how this plays out.
Gold/USD WKNEoWave analysis on XAUUSD by Enayat Ashkian
Overal Pattern Type:
Correction
Wave ((A)) :
It is started after the triangle and formed a normal Zigzag pattern and completed after a triangle.
Wave (A) in ((A)) Pattern : Impulse trending
Wave (B) in ((A)) Pattern : Irregular Flat
Wave (C) in ((A)) Pattern : Impulse trending
Wave (B) / Wave (A) : About 35%
Wave (C) / Wave (A) : About 74%
(A)-(B)-(C) Construction : 5-3-5
(A)-(B)-(C) Pattern : normal Zigzag
Please discuss about this analysis, it's counting labels, targets, T/P, S/L and future patterns, moves and ... using your described charts by comment on this page.
Regards,
Enayat Ashkian
contact link: telegram.me
GOLD / In Line We Trust.Can you Trust the Line?
On original Chart, you can see one version.
Let's see other Version.
Everyone will have his own opinion and reasons why it has to be drawn different.
And everyone will have his own opinion whether the magic line is broken or not.
What I am looking at is 2 targets.
We completed first one, almost about to complete 2nd one, and hopefully complete the 3rd one.
prnt.sc
But now In game 1251 - 1257 has joined to serve as a target for gold.
prnt.sc
In past, I usually had troubles with these targets, because once I got one, I jumped straight in for it and had to sit in DrawDowns.
If you are following for longer time you know it.
As well you do know that all these targets always were reached.
Lately, I started to study the cycle for these targets ( time wise )
And usually, It is around a month. Basically, That means ( most of the time ) If I would now jump in sell for Target 1257 and 1251, there is 90% chance I would suffer DD for approx next 2 - 3 weeks. Meanwhile, I have the 1307 and it is around month still unseen and should be reached soon enough.
So To create little less MESS I will imagine there is no Magic Line, that every 2nd one count's to be broken and every 3rd one says it is not ( lol )
I do think we could climb up reaching 1307. And then on Intraday levels Look for a possible reversal.
Another possible scenario is that Magic Line 1285 which is our 2nd target, is reached and Gold is rejected down to Visit 1257.
I cannot know.
Anyway: For Buy at 1229 SL is moved to 1240. For Buy at 1233 SL is moved to 1240, for Buy at 1263 SL is moved to BE.
P.S Funny enough if Gold goes up and reaches 1307, or it doesn't matter what exact number it reaches when it comes back to reach 1257 ( And it will do it ) that means Magic Line get's Broken Down again? 6 Years we could not break it up and then once we do it we again break it down? Oh, my.
Let's see what's up with Gold.
Waiting for 1285 - 1307.
When Gold hits 1285 and Intraday Levels suggest a Bear I will Sell without closing 1229 and 1233 positions but closing just 1263.
Good Luck.
GOLD / ∂ at 1285, and extra $ at 1307.Holding May 4, 1229, May 5, 1233, and Yesterday opened at 1263 - positions.
Pivot for Tuesday and Wednesday ( today ) is 1260 and Gold could not break it to get to 1255. I am still expecting it, but it may not come. If so then small retrace is done and gold can continue to reach the target. Two rejections, no clear break... But still, if goes for 3rd attack can break it and reach 1255.
1275, shown in previous ideas - become less important, since Last Friday close generate - ∂ type target 1285.
1285 is pretty strong level, where you can consider to book the profits.
Personally, I will wait out till 1307.
So it's basically up to you, stay until the end or grab the cash at 1285, after 1285 - 1307 is extra with 22$ in it.
And of course, it still remains as a target, just from a different strategy.
GOLD / One Step Closer / 1307.xxOpen positions
May 4 - 1229.x x
May 5 - 1233.x x
May 26 - 1254.x x
Friday close price gave somewhat mixed signals, but there are some levels that are asking me to buy Gold on Monday on opening at market price.
Furthermore Friday Close adds one more target 1283.xx
For 3 running positions Stops are at BE.
Gold price is almost at 1275.x x target shown in previous 1307.x x series idea.
So the chain looks like 1275.x x - 1283.x x and hopefully 1307.x x
GOLD / 1307.xx ( update )Open Positions:
May 4 1229.xx
May 5 1233.xx
May 24 Gold intraday level show it could climb up to 1259.xx after breaking 1251.9, which was reached, but drop to 1244.xx was anticipated as well. Gold drop to 1247.xx and close 3rd position from 1248.xx opened May 19 at break even.
I said I would try to buy back 3rd position at 1244.xx but didn't happen.
After studying Monthly key levels noticed the monthly key level 1249.xx reject gold up so far numerous times.
And now Thursday's intraday levels show that buy from 1255.xx ish can be good.
I will buy back 3rd position at 1255ish today, and I will add 4th position at 1260.xx
SL for all positions will be set 1242.xx if Gold reach this level all 4 positions will be killed.
I have calculated risk for these two new positions so just in case - Gold drop to SL I get minimal to no loss because two lower positions from 1233 / 1229 hitting the BE at 1242 will cover most minus for these two new positions.
Closest target 1275, but initial target remain 1307.xx
Good Luck and all the best.
GOLD / 2nd PyramidUpdate for the previous Idea.
First of all glad that Friday I closed my sells from 1258 at 1240 because had a feeling about bounce up to 1247.
New month data came in and I notice an alternative view that we can have the first move up to 1262 as well that I pointed out in the previous chart.
My first entry is at 1247 that means 15$ DrawDown which for me is peanuts.
1225 is still on the table but it's just late.
New Pyramid again with entries
1247.xx
2nd entry at 1257.xx and if gold goes more up which I hope it does then 3rd entry is 1262.xx
Each higher entry is bigger than previous and still with medium risk so I can handle the heat.
The thing is since we have monthly resistance 1262 and if we reach it first that set's monthly support at 1235. Since our target is 1225 which is a frequency tag target and is stronger than monthly levels that mean's we break 1235, and if we break 1235 we have BIG chance to visit 1191.
That being said boys and girls, we have a chance to catch 70$ move on this monster.
If we finally have a clear rejection, because I am tired of making these pyramids :D and gold finally can do something more interesting than range rover here for weeks, and daily levels start to get bearish we will add on each day's opening - first move up to our sells.
Stay tuned.
GOLD / Steal from Bull ( Robbery Edition )Gold is still Bullish. We stole some cash from him already.
Hopefully, he is not mad for that as we steal more, but not too much as we can get in Jail.
Don't know about you but I suggested to close the shorts ( Pyramid Principle ) that we had from TOP - Friday at 1240ish because we can have a bounce up to 1247, and sure enough it bounced giving a chance to re-short after taking profit.
Friday at 1247.xx my new short was triggered, I assume Gold will screw around with it as always seems that it is still in Circus.
Target still remains 1225.xx
I will take off 50% at 1235.xx and 50% at 1225.xx
We have nice bullish accumulation for last 2 weeks and still with new April data accumulation stays, and gold is pretty bullish, but we have one problem.
In Bifurcation Diagram we have now one new root in the diagram that can cause bullish problems.
If gold drops all eyes open on 1226 and 1218 level.
If 1218 broken I assume gold is visiting 1191.
Safe trades.
Trading is dynamic so that means situation changes rapidly, today 1218 means a lot later it means nothing, so the situation can change as it goes.
GOLD / Wishful thinkingHonestly, every single recalculation shows one damn bull in the background.
If pyramid works out and gold drops it will lead to heavy buying afterward.
We have possible monthly breakouts, now the 2nd one with bullish accumulation target
1277 and 1304.
If we get a drop, buy gold .
I would not be surprised to see an extended leg up now around or above previous high 1263ish before the drop. Common thing after a breakout.
Wishful thinking, though, but sequence I would like to see is down from here to 1225-1220 ( extended 1214 ) and back up.
GOLD / Periodic Motion ( Continuation Algorithm )This chart is for test purposes.
Since 2015 when I was in latest quant maths trading seminars in Iran I was given materials for study about Numerical continuation ( Continuation Algo )
In Numerical Continuation phase you can analyze only so-called parametric family
We have two who can be counted in this family and they are Gold and Dollar.
Since 2015 I have studied all these materials but never had success with it finding Singular points.
Masters in Iran at this can find laser targeted Singular Points and predict any long-term movement in the current phase.
What we will be looking at is Periodic Motion, since anything is based on Action Reaction.
Last year we had Dollar Action - Gold Reaction.
If I have calculated the Last Singular point correctly then we are in the phase of Gold Action - Dollar Reaction.
Last Dollar Period PLC has moved from Regular Point to ODE phase ( Ordinary differential equation).
In this differential equation state, we should see Periodic motion based on Gold Action - Dollar Reaction.
In this chart Gold and Dollar:
These are my calculated starts of period motion.
Since they are in Parametric Family and they are changing from Dollar Action - Gold Reaction to Gold action - Dollar Reaction, that would mean that We have:
One more up in Dollar ( not sure but can be up to singular point level )
One more down in Gold ( not sure but can be down to singular point level )
In other words, Dollar now become a mirror ( reaction ) of last years gold ( reaction )
Which equals to Gold Action - Dollar Reaction.
Then Drop in Dollar and more powerful up in gold.
Here is Wikipedia Material about Numerical continuation.
en.wikipedia.org
Once again this is for test purposes, I am an intraday trader and I trade based on Transitions and Difference between Dollar Resistance / Gold Support, long term is not my field, I am just working on a long term to master it and add to my arsenal.
Good Luck.
GOLD / SYS and PFR at 90'oMy buys from 1200ish are closed since gold finally reach our target.
Let me shake your hand we made it all together.
But gold left bearish accumulation signs earlier.
If you remember this idea:
Did gold reach at least 1225? Answer is no. Furthermore XO recalculations show stable Dollar Resistance and Gold support difference and now enters the state of modulation between XO90 and SYS levels while PFR remains at 90'o.
I offer you to build shorts with pyramid principle and once confirmed reversal sell more.
If you go in now heavy and later blow your account, then look for professional help and stop investing in FX markets.
We built longs before FOMC, now we need to build them for shorts.
Aim 1225-1223-1214.
What I can tell you is that this is just small pullback I am aiming for, so I will look for bullish accumulation signs up here so we know that gold will return when it drops.
P.S UJ hit both main and extended target.
Extended target at 110.800 is a new XO 90 level ( gate ) so can provide bounce up.
Or if we break it it usually provides bounce after XO 90 breakout.
Gold is bullish but pullback is welcome, 1225 is not much asked for.
Good Luck.
GOLD / 1247 and?In March gold had two PV targets 1198 and 1304.
Once new month started it went down straight to 1198 deleting it from sight.
( I did not expect it to do it anyway, just stating it after deeper analysis )
I do think it can tag 1304xx during March, that would be normal based on behavior and pivotal sentiments.
Are we reaching 1247? Yes 1247 is what I feel safe about as it is unseen frequency tag target.
What happens next we'll see after recalculations, can't be done now because I need exact time and date for calculations, so have to monitor when 1247 is reached.
But I do think 1304xx would be a normal PV target for this month.
As stated before my long entries are.
1224xx
1221xx
1220xx
1214xx
1206xx
1200xx
( opened using pyramid principle )
1224, 1221,1220,1214 will be closed at 1247 and 1206, 1200 will be running with trail stops for extended higher targets ( since these two are 10x bigger / pyramid / and better / lower / )
So if gold reaches PV 1304 it can bring enormous rewards, if not then just hits the trail stop.
That's it from me for now.
FOMC and fundamental Fan boys please don't ask me what I think about this and that, I have no idea. Meaning - If Trump gets in Office ( election day ) for sure gold is going to the moon... If NFP is a beast in March gold is going under 1180 in no time... mhm.. sure thing, you can never know. So I have no Idea, no time for that, nor I care, is there a hike or there is not.
P.P.S - intraday trading is done in whatsapp group and RUS Tradingview Sector from now on, here I will post not that often just once in a while.
Take care.