long now @ 1255.95
1
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
Disliked{quote} Actually I see cvds16 statement "obviously not going up at this moment: short @ 1261.25" way less harmful than numerous calls for long that I read in this thread during last two weeks.Ignored
DislikedThey, just took it up to the DLY Open. How many times have we seen that! Cheers, U2Ignored
Disliked{quote} on the hourly there is a lot of resistance for Gold. But once this is through (above 1261) then next stop is 1273, then 1285 and 1301. Same thing for XAG needs to break above 17.61, then 17.92, 18.24.Ignored
Disliked{quote} Which were all there a month ago and two months ago and ..... meanwhile Gold continues to drop. That tells me they don't matter. At least not presently.Ignored
Disliked{quote} Yes nothing new. It is long term and on higher TF this is a retracement. {image}Ignored
Disliked{quote} So you trade on weekly basis and holds for months at a time? I see your own chart shows (pink trend lines) on down move that the current one is longer than the prior one. Also although you don't have them marked there are plainly LL's and LH's recently.Ignored
Disliked{quote} I use S/R levels from higher TF Daily, weekly, monthly and also ratio ++ to find confluence ( The pink lines and also the green ones are based on ratio and they have same length to predict possible length of swing from the previous swing) . I mostly do my entries on lower tf and sometimes direct at S/R level where there is strong confluence. My trades often last for long time, months are not unusual to get most of the swing if I have strong outlook in the direction of the trade ( F.ex strong buy in gold is good enough to hold to 1420 area...Ignored
Disliked{quote} I have drawn pink TL's just as you have them. Can't you see price in current downswing has gone beyond (100%) what the previous swing did? Also the current swing is longer in time 14 weeks vs 4 weeks. In other words what is referred to as a time and price overbalance. Signalling a change in trend. Also you say you look at main swings on weekly to find HH's LL's etc but then look down at 1 hour level. Huh? My chart has recent pivots marked with numbers and letters - all with at least 2 HH's above each swing low and at least 2 LL's below each...Ignored
DislikedXAUUSD 1H Chart: Double Zigzag Correction complete? Looking for a Long trade. Last 2 trades BE only. Cheers, U2 EDIT: Long $1256 TP ??? {image}Ignored