tight ranges are good for breakouts and when it does breakout, it should get interesting. it just took out 1hr demand(on the futures anyway).

Ollio's Gold - Supply and Demand

let us hope the 1243 level or so holds otherwise could mean its going up.

Ollio's Gold - Supply and Demand

yes, been watching that jack. if can break that area, the move down should get some wheels. it is now a gray day. sad

Ollio's Gold - Supply and Demand

that's exactly what i'm banking on Jack. potentially this is a 13:1 R:R trade. hope it pans out that way(no pun intended) ha !

Ollio's Gold - Supply and Demand

the tf's were all gray and i assumed the mkt was dead basically. where should we be short from and when ?

Ollio's Gold - Supply and Demand

i have taken a couple of scalp longs since 8:15 a.m. i have not seen a reason, based on the app, to be short. am i missing something here ?

Ollio's Gold - Supply and Demand

how you like crude jack ?

Ollio's Gold - Supply and Demand

currently the 8h and day are in agreement to the long side, correct ?

Ollio's Gold - Supply and Demand

so, the play today is to get long between 1253.92 and 1230.88 based on day chart, when 8h confirms as it stands now. could change though when charts reset at 8:00.

Ollio's Gold - Supply and Demand

now the mkt. decides to go down. this is driving me nuts.

Ollio's Gold - Supply and Demand

[quote=jackeollio;7497319] Not quite. For Gold, the market is now Neutral on the 8 Hour between 1265.00 and 1263.17. Should the market return Bullish above 1265.00 it will only be momentarily Bullish above that level. On the other hand, if the ...

Ollio's Gold - Supply and Demand

gold must break through 1283 to get going up. looks like it is now jack. concur ? may have to wait until 12:00 reset though.

Ollio's Gold - Supply and Demand

it shouldn't be going down much further based on the gray areas on the 4h, 8h and day charts. energy is spent, right ?

Ollio's Gold - Supply and Demand

the app has stopped working Jack. been 10 mins or so. nevermind, its back up.

Ollio's Gold - Supply and Demand

might be a good spot for a long back up to 1278 if the demand area holds. what say you ? i think we just ran out of downside energy based on what the charts are saying, please correct me if wrong Jack.

Ollio's Gold - Supply and Demand

you mean 1263.93 correct ? now 1264.25

Ollio's Gold - Supply and Demand

looks like gold's retracement may be over or has been lowered to new lower levels based on the chart reset at 8:00. what you think Jack ?

Ollio's Gold - Supply and Demand

there's no link Jack. oh, never mind, it has appeared.

Ollio's Gold - Supply and Demand

based on that scenario you would not appear to have a trade due to an un favorable R:R. do you concur Jack or is there more to this I 'm not seeing ? unless the 1284 level held and the day turned bullish for a long, yes ?

Ollio's Gold - Supply and Demand

i'm biased to the short side in gold so this analysis of yours confirms my process/methodology and thoughts. so, maybe look for a short up around 1297 to 1298 area jack ?

Ollio's Gold - Supply and Demand