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.
Komen
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We are still in a wedge. And we still have the divergences. 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.
Komen
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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.
Komen
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4hrs MACD also gave in the crossover sign
Komen
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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.
Komen
GOLDTREND-NET
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I think the problem here is that a lot of people think Chartwatchers is a fortune-teller. No one here is and no one can't be right 100%. A lot of people mistake Tradingview as a free trading signals website. It is not. It is a forum where traders share ideas and views. And seriously if you are going to trade just accordingly to someone else's idea, you will never win anything. So please read the analysis and take it as a viewpoint out of a thousands out there instead of whining when things don't go the way he said.
saint_athur
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Majority of the followers is childish, crybaby and bulls**** retail traders. They just need arpi to spoon feed them but when he's wrong for the first time they blame arpi. Thats show how stupid and poor they are.
MariapiaScopesiCalo
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you are right! Poor people...
HaiGo
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well said
Catmomo
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Exactly! Thank you!
Annette
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The fact that it doesn't happen immediately it doesn't mean it wont never happen ;) nobody has a crystal ball, but most of the people should have a brain ;) use it: it's free!
MoFXSignals
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Arpi is one of the best Chartist out there in Trading Community. Please respect his work, He could have simply ignored everyone and only did his thing. Glad that he is sharing his analysis with all of us. Trading is all about being consistent, Better Money Management and most importantly - Never Put emotions in your trade. Do you analysis, Come here and check what other people is thinking about it and if you are confident then enter in those trades. Arpi, Please continue what you are doing, I know lot of people in fact myself personally got closed out on this trade, but Hey - we love your work man. you are fantastic.
Billeci
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Completely agreed!
It's unfortunate people expect that Arpi has the answer to every variable that impacts these manipulated markets. If the trades being made are based on one person's advice, then you get the good with the bad - I'm not sure how one could expect more. If we had it figured out ourselves, we wouldn't need to burden Arpi or any other senior trader / chartist, taking their time to share their knowledge, selfishly expecting they're going to answer everyone of our personal questions and get every trade right for us.
As the saying goes, be a part of the solution, not the problem! Collaboration is great, but simply complaining without offering any solutions is counterproductive and not fair to those offering advice (not forcing anyone to make a trade).
Thank you again, Arpi!
BjornPfaff
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What did i say about shorting whatever u do dont short this metal u will burn yourself hard. this is going to 1290 so stay away from shorts
Nightstar
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You're the same guy that said there wasn't going to be bounce remember?! So shut the Hell up :) Haha