GOLD - Jesse Livermore Memorial Short
I would like to offer this short trade to Jesse Livermore the best who ever lived
short trader of the Wall Street for his 139. upcoming birthday.
If I'm right we are going to print in gold this June a low which we will never going to see again in our life.
Once this decline is finished gold will skyrocket above 2000 in the following years.
Everything is ready technically , timewise and currency wise for this short.
- We broke the the daily trendline yesterday. All the retail technical traders are long.
- We tested back the double top's neckline
- Everybody is on the board for the 2nd phase of the bull market. Sentiment is hyperbullish.
- I wish I could see yesterday's COT :(
- We are at day 8 - if it's the 5th daily cycle of this IC this is the time to turn down.
- RSI is leaving overbought territory. It's usually a sign of a cycle top
- The dollar is breaking out of the wedge, the EurUsd is printing a daily key reversal...
- We have a FOMC meeting next week with a possible rate hike (or if there is no rate hike we will get a hawkish speech which will strengthen the dollar.)
- We have a brexit poll on the 23th of June (Euro is getting weaker )
- Last days' volume was low. If I'm right we will see big volume in the upcoming day's panic
- ... and we might have Jesse at our back.
I don't need anything else.
I'm looking forward to see a tag or a breakdown of the 200 DMA.
Levels to watch:
1234$
1205$
1190$
It's time for the market to throw a curveball to the longs who think gold will skyrocket and they can make an easy money on their longs.
Yes it will but first we have to salute to the Great Bear of Wall Street with this short trade.
short trader of the Wall Street for his 139. upcoming birthday.
If I'm right we are going to print in gold this June a low which we will never going to see again in our life.
Once this decline is finished gold will skyrocket above 2000 in the following years.
Everything is ready technically , timewise and currency wise for this short.
- We broke the the daily trendline yesterday. All the retail technical traders are long.
- We tested back the double top's neckline
- Everybody is on the board for the 2nd phase of the bull market. Sentiment is hyperbullish.
- I wish I could see yesterday's COT :(
- We are at day 8 - if it's the 5th daily cycle of this IC this is the time to turn down.
- RSI is leaving overbought territory. It's usually a sign of a cycle top
- The dollar is breaking out of the wedge, the EurUsd is printing a daily key reversal...
- We have a FOMC meeting next week with a possible rate hike (or if there is no rate hike we will get a hawkish speech which will strengthen the dollar.)
- We have a brexit poll on the 23th of June (Euro is getting weaker )
- Last days' volume was low. If I'm right we will see big volume in the upcoming day's panic
- ... and we might have Jesse at our back.
I don't need anything else.
I'm looking forward to see a tag or a breakdown of the 200 DMA.
Levels to watch:
1234$
1205$
1190$
It's time for the market to throw a curveball to the longs who think gold will skyrocket and they can make an easy money on their longs.
Yes it will but first we have to salute to the Great Bear of Wall Street with this short trade.
Komen:
In the night price has broken down the lower trendline of the wedge on the hourly chart.
MACD crossed down again and printed the 3rd diverging top.
MACD crossed down again and printed the 3rd diverging top.
Komen:
4hrs MACD also gave in the crossover sign
Komen:
Check out the 4hrs chart history how many times did the MACD 2nd crossover give a false signal.
We will have some kind of correction.
We will have some kind of correction.
And the dollar in a rally mode. Stocks are in a rally mode.
Volume is low again. I think algos and retail is buying. The wedge still has to breakdown... In the afternoon we had a false breakdown.