


dewpoint
Gold moving lower, currently short, key levels for move down as per the chart. looking for price to stay under 1582 as we move lower towards the 1536 area, then a pullback towards the 1597 area then a move lower towards the 1510, from there we should see a part retracement of the overall move from the high at 1704.
The low could already be in for the SP but i'm looking for one more move lower into the 2599 - 2593 zone, i'll be a buyer at that level.
Looking for price to reach down to the equality that C = A which would be at 1640.13 area. 61.8% of the overall move is at 1616.64 161.8% in the C leg measures to the 1611.85 Don't want to see price down here at 1593.06 area, as we could go lower still, and therefore a longer term top may well be in place if we break through the 1563.02
Sliced through that 61.8% level, so next area of interest is at the 78.6% - 83.3%, i'll look at that level when it comes to see if it offers any real support, but it would need to stay above the 90% line for me, any lower, then price might go through the previous low. Given the possibility that a hard brexit occurs then how low can this go, that's the ?
Wave v completed, and it might well have been a swift 38% retracement here, unusual but possible. Holding above 1669 is however needed to keep this immediate bullish view.
Here's my own personal take on things. I'm looking for gold to push higher in the coming days, re-evaluate position/outlook on the basis of the type of unfolding move (up or down) and from there to get a better idea if we are going to move much higher than the noted 1730+ zone.
Short term price action, looking at slightly lower pricing, then we should bounce off this level, and up into what can be said may well be major resistance, personally see this area being the line in the sand for short term bull / bear move.
Has gold moves of yesterday opened up possible higher moves to come
Looking at nearing a bottom here, target zone on chart, then i'll be looking to go long
Long now looks confirmed, Wave 2 appears to have completed, and it looks like the start of the Wave 3 move. TP 1 Zone i have is between the 299.00 to 308.97, price may well just travel through this zone, put a point of interest nonetheless TP 2 Zone i have is between the 402.72 to 420.09, this possibly being the end of the wave 3 move into the stated target,...
I'm currently short the EURUSD. I'm looking to scale into that position on a possible pullback to the 50% & 61.8% Fibs levels @ 50% = 1.1700 entry, and then at the 61.8% = 1.1730, wide stop loss at 1.1840. TP is 1.13000. Late afternoon i opened a short term long position at the 1.1594 with a target at 1.1700 with SL at 1.1550.
Dollar appears to be gaining strength, so i'm looking to short gold at the 1272 - 1273 Looking to enter on the short side, entry point at 1273 Possible bottoming out sub 1250. i'd be looking to go long around the 1243 - 1240 levels
I'm looking to get long on STEEMIT, 1st and 2nd price entry points as shown.
I'm currently long on gold, that said, next few days price action will give confirmation of a push higher, or will we be going sideways on a range bound market between 1293 - 1252. Key resistance is at 1293, if we push through this on Asia open and close above this for a couple of days, then i'd be looking for gold to be looking to reach into the 38.2% area over...
Two short orders, one at 1.1840 which was filled on Friday, the other is at 1.1870, looking for this to have an initial target at the 1.6450, then next level at 1.151, with a deeper level at 1.140. SL 1.191
i'm looking for this to spike into the 1.0785 and i'll be a short buyer, with a longer term hold, sit and wait for another drop off the cliff edge..