Reversal volumes near top of channel pair up with some interesting bearish signals. I wonder if the dollar holds here and gold is forced to retreat from 2500 an oz…. Wonder if the excitement from FOMC and JPOWs speech wears off her and this fades back into the 2100’s quietly.
2420’s here and it looks like we’ll see a pullback. Waited patiently for the set up and bought the takeout before 0000. Looks like it’s healthy and about to take off. Good luck trading this.
Some key supports and resistance are pushed through and bounced off. If the four hour candles closes above that diagonal support I think buyers will attack the ATH with a hammer candle resting on 2410.. a key support to retest before ATH and beyond. I think this is it.
Heart entry ! ENTRY 2410’s , plus pickups in the 17’s and low 20’s on the way up. Looks like a nice setup to break into ATH if you ask me. Liked the big profits from the sell at 2455 I was holding for dear life. Ride the lightning. Long here.
Little bounce here after establishing in the 30’s again. Could be looking at drastic moves and pullbacks when the price enters the unstable 40’s-50’s region. Look to exit off the resistance above and wait for a setup that will drop or push through this diagonal uptrend. Breaking this will initiate 2420 and beyond. Turns on average take 12-16 15m candles to...
Here we are in the 30’s making something happen. Taking profits and playing a quick jump up. Looking forward to going in for another sell in the 40’s -50’s. Until then he patiently wait 1-2 hr candles and see what it looks like. SL 2433 and looking to sell below that. TP 2446-2457 Sell TP 2430’s-2380’s
Breaking down the structure here and playing the bounces. Selling the 2450’s and buying the 30’s. Short here anticipating another break into the 30-20’s region. Looking to see some excitement in the next few candles. Could see another rip up. Have a light enough position to accommodate and ride the lighting back down to 2400 whenever the beast decides to move...
Sold 2454.35 Looking to play another round short here and bring this down to retest 2400 and beyond. GL all Keep the ticket open. Cheers,
Seems as though the diagonal red lasers indicated on the chart above are actively repelling the current gold prices. The green laser represent possible regions or “lines” that have been used to bounce and shake weak hands throughout the course of its journey. ATH retest here or shakeout the hopeful bulls before inevitably launching into new territory. The...
My interpretation of the market leads me to believe. That this a good time to sell the news before it runs inter the upper channel and presses for the ATH. Rug pull into this beautiful interpretation of what… “The line game goes down into this heart area and you are a champion right?” - Inspired by a beautiful mind, “line game” on yer phone.
We see some delay until 0000-0800 the work gets put in. I see the price also making another trip to re confirm oral support and possibly 2300 again to give buyers that confidence needed to buy aggressively.
Entry 2293-2295, 20 units. SL 2289.6 under 15m hammer candle. Looking to 2308.7 for TP then retest and possible re entry to 2341 before it crumbles under the weight of the new diagonal resistance. Cheers.
I’m convinced we’ve confirmed a downward channel. After a triple top, I believe we will see high volatility until the long term supports are re-tested and verified before we push on or continue to collapse. Things can move very quickly until mid July, there’s the room for it. Care both ways regardless of your entry and utilize stop losses at your own risk....
Previous charts have proven to be accurate. Have hit both directions trading inside channels. On these volatile days everyone gets a piece. Sometimes it just keeps sliding and the longs get melted. Looking for landing a little further down. Although won’t complain if my 2887’s hold up after open. Might see a little jump and retest of the downward channels...
Looks like we break through here regardless if this swings to grab momentum at the next support level. I think the bulls are looking to push for the 3280’s… this may very well unlock 2400 and ATH. Stop loss 2332 under the wick of 1HR/ 4HR hammer candle that formed earlier today. Take profit 2360.17 - 2377.45 Cheers
Got some lines and stuff here. Sold thinking we kick back from these diagonal resistances. Looking to 3313-3280 for TP and look for some wicks to enter on the bounce from there. Expecting a decision from 0000-0800 tomorrow. Will go long if we breakthrough upper diagonal and retest with confirmation. Good luck
Good morning everyone, After reaching out and touching the diagonal resistance, the bulls seem to have stepped off the gas and are waiting for stronger supports. I see a multiple landing zones where buying opportunities are viable with the right set up and stop loss. I believe the price will make its way back to the long term horizontal resistance and gather...
Good morning everyone, After reaching out and touching the diagonal resistance, the bulls seem to have stepped off the gas and are waiting for stronger supports. I see a multiple landing zones where buying opportunities are viable with the right set up and stop loss. I believe the price will make its way back to the long term horizontal resistance and gather...