Gold: where are the opportunities?
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Hi Guys,
it was on Aug.12 when I posted the following chart and Gold was at 1495 running into 1560:
Fear of tariffs and worries over deterioration of US-China negotiations drove that run.
Today those worries are creeping in again at 1445, and this is what stopped Gold at B.
As far as the main Daily Chart of this post is concerned, to note that from 2 price commenced a correction inside a TR with the shape of a flag with lower point at B (1445), retracing 0.382 fibo of the Bull Run (1->2).
Click & Play the followings to watch how price moves compared to structures:
Questions:
1) Can the retracement of bull run (1-2) be extended into 200SMA?
2) If yes, how why and when?
3) Can the pullback from B be extended?
4) If yes, how why and when?
3) Disregarding directions, where are the opportunities?
Please share your view and for additional infos about Gold have a look to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
it was on Aug.12 when I posted the following chart and Gold was at 1495 running into 1560:
Fear of tariffs and worries over deterioration of US-China negotiations drove that run.
Today those worries are creeping in again at 1445, and this is what stopped Gold at B.
As far as the main Daily Chart of this post is concerned, to note that from 2 price commenced a correction inside a TR with the shape of a flag with lower point at B (1445), retracing 0.382 fibo of the Bull Run (1->2).
Click & Play the followings to watch how price moves compared to structures:
Questions:
1) Can the retracement of bull run (1-2) be extended into 200SMA?
2) If yes, how why and when?
3) Can the pullback from B be extended?
4) If yes, how why and when?
3) Disregarding directions, where are the opportunities?
Please share your view and for additional infos about Gold have a look to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
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The same B that can be found in Gold, can also be found in SilverNota
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On Nov.22nd Nota
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