We are nearing to the weekend. This week really turned out to be the week of the bull.
We are near to 40$ profit this morning. Resistance levels are approaching.
1. First the target price counted from the right translated double bottom pattern at 1304$. ( The right translated pattern will be important later what I'm doing and why.
2. Later the 200 SMA on the 4hrs chart : 1305,8$.
3. And last the resistance at the false swing : 1313,715. A lot of bulls will get out at this level as they were trapped at that false swing...
I just want to prepare you that I'm going to jump out between 1304 and 1314. I want to see what's happening with the currencies and stocks at these critical gold levels.
Notice that he FIBO 38,2% retracement is at 1297,88. We just hit our head into that level in the last hour...
LONG FOLLOW THROUGH - Holding the longs
We are near to 40$ profit this morning. Resistance levels are approaching.
1. First the target price counted from the right translated double bottom pattern at 1304$. ( The right translated pattern will be important later what I'm doing and why.
2. Later the 200 SMA on the 4hrs chart : 1305,8$.
3. And last the resistance at the false swing : 1313,715. A lot of bulls will get out at this level as they were trapped at that false swing...
I just want to prepare you that I'm going to jump out between 1304 and 1314. I want to see what's happening with the currencies and stocks at these critical gold levels.
Notice that he FIBO 38,2% retracement is at 1297,88. We just hit our head into that level in the last hour...
LONG FOLLOW THROUGH - Holding the longs
Nota
Nota
Price has dropped from the FIBO 38,2% . DOn't like today's price action. It's running out of steam.
Nota
Let's see if UJ drop in the night can give as that bounce into the green TP rectangle.Nota
Not so happy with the price action here in gold, too...AFter a break out of the flag on day 4 we shouldn't act like this. The new highs are smaller and smaller.
I will take profit on half of the gold position before the CPI and Retail sales news.
Nota
Closing 50% of the gold position at 1293,767.Nota
I will use a stop for the rest of the position below the flag at 1284$.
Dagangan ditutup secara manual
These are not the droids I'm looking for.Closing all gold longs at 1299-1300.
Nota
No shorts in gold yet. I'M selling EurUsd though.Nota
Now you know why I wasn't happy with this rally.Nota
This doesn't look good at all:Nota
We are turning down from the 200 MA on the hourly chart.Nota
I'm short in gold : will update on the daily chart.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.