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Attachments: 4 + 1 (Metals) strategy
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4 + 1 (Metals) strategy

Quoting MzansiObi
Update: Lets hang tight. Will refrain from adding Kong’s just yet, let’s see where this daily candle closes. Will need to see it back above 1607 on a daily closing basis again. For now will watch and see how the daily closes..... Red Pips across the board....oil trades also under water at the moment.
Oil trade has moved onto the green....so easing/cushioning the gold setups that have been taken out
Two scenarios we can look at. I'm in agreement that long positions can only be confirmed above 1600.
Attached Images (click to enlarge)
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Pending short
1595.54
SL 1608
TP open


Not looking for much on it.....

Reduced lot size
Quoting MzansiObi
Pending short 1595.54 SL 1608 TP open Not looking for much on it..... Reduced lot size
Closed out. Will revisit this on Monday. Calling it
Ps if still holding the H1 short setup, the most immediate target becomes 1560.09
Quoting MzansiObi
Ps if still holding the H1 short setup, the most immediate target becomes 1560.09
Gotta run for now or I'll be divorced by the end of the day. Please keep the anecdotes coming. Could signal the biggest rally in Gold and Silver is just about to begin. Thanks everyone!
Quoting unitedgold
{quote} gotta run for now or i'll be divorced by the end of the day. Please keep the anecdotes coming. Could signal the biggest rally in gold and silver is just about to begin. Thanks everyone!
rnbz cuts key interest rate to 0.25% from 1% rnbz: Rate to stay at that level for at least 12 months
15 March 2020

D1 zone remains bullish, price has dipped below it and closed below the hard stop handle, as such any bullish outlook for now gets parked till we get a daily close above the handle.
Since price is below the D1 hard stop handle @ 1604.63. And the H1 and H4 are bearish, the outlook becomes bearish till the zones flip bullish. The H1 remains the frame of preference for now amid all the uncertainty as it represents the most current sentiment in terms of price behavior....The increased trading range over the past two days has widened the scope of our levels to the top and the bottom.


H1:1549.93 - 1569.84
H4:1588.73 - 1612.19


Intra day Levels of interest
Upside
1588.73
1579.89
1562.24
1551.25
1542.18
1536.38
Downside
1516.60
1508.63
1501.23
1495.95
1485.62


Green Pips
Market Update : US Fed cuts rate to zero and launches massive $700 billion quantitative easing program.
16 March 2020

Just pulled out the weekly chart and the most current pullback is inside an area of interest.... with that said will see if interim support found but as mentioned we will look to follow PA closely and take guidance of the H1....

H1 sell zone has rejected price since the open, as such will wait to see how LO behaves for sentiment....

Green Pips
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Quoting MzansiObi
15 March 2020 D1 zone remains bullish, price has dipped below it and closed below the hard stop handle, as such any bullish outlook for now gets parked till we get a daily close above the handle. Since price is below the D1 hard stop handle @ 1604.63. And the H1 and H4 are bearish, the outlook becomes bearish till the zones flip bullish. The H1 remains the frame of preference for now amid all the uncertainty as it represents the most current sentiment in terms of price behavior....The increased trading range over the past two days has widened the...
H1 sell zone Rejection
Attached Image (click to enlarge)
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Quoting Unitedgold
Market Update : US Fed cuts rate to zero and launches massive $700 billion quantitative easing program.
Isn’t this what Trump has been calling for all along? A rate cut? Seems like there’s a major reset across all financial markets globally....interesting times lie ahead
The Fed has sharply cut interest rates by 1% so be more careful about gold. That is my opinion. Best to stand outside
Uploading this analysis a bit late but this is how we see the market moving this week.
Attached Image (click to enlarge)
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Update: H1 sell zone remains intact we can expect these dips to continue so long as the daily remains below key areas, daily 200 handle becomes first key level that price needs to close above if we are to get a bullish continuation

With that said, thought ID update some weekly levels to the picture as well

Upside
1701.50
1654,59
1579,22
1540,44
1502,73
Downside
1455,82
1444
1426
1404,03


Previous level at 1495,03 has turned resistance now,

Green Pips
Quoting Bkay23
Uploading this analysis a bit late but this is how we see the market moving this week. {image}
I'm looking at the 1450 handle now, we are below too many key levels at the momen, daily open, weekly open, our H1,H4 and D1 200 MA handles so they become reisitnace points now for the bulls, do we get above them or stay below them but for now every retest of the H1 sell zone has been met with bearish PA hence why I'm suggesting we look at following the most current trend till there's a sense of normalcy
Update: Price back inside that H1 sell zone not looking for much of a push lower, as mentioned earlier, looking to see how the D1 closes now, Daily close above 1495.83 great for long term buyers....for the h1 sellers, hard stops sit at 1553.63 as such the slope off the H1 sell setup is steep enough to continue selling every relief rally
Quoting MzansiObi
Update: Price back inside that H1 sell zone not looking for much of a push lower, as mentioned earlier, looking to see how the D1 closes now, Daily close above 1495.83 great for long term buyers....for the h1 sellers, hard stops sit at 1553.63 as such the slope off the H1 sell setup is steep enough to continue selling every relief rally
Price rejected from daily sma200. Let's see if day closes above 1520. Else if it still resists then price may test 1450 daily sma300 again that can open gate to 1416 daily sma400.
Quoting farukh
{quote} Price rejected from daily sma200. Let's see if day closes above 1520. Else if it still resists then price may test 1450 daily sma300 again that can open gate to 1416 daily sma400.
Agreed and understood Farukh...... The first red flag for our d1 buy zone came when we closed below the D1 hard stop area.......we need to get back above it... I think Bkay23 mentioned some key fib levels around today's lows from previous rally.....so there is some confluence of factors to consider.....pull out your weekly chart, what do you see.....
Quoting MzansiObi
{quote} Agreed and understood Farukh...... The first red flag for our d1 buy zone came when we closed below the D1 hard stop area.......we need to get back above it... I think Bkay23 mentioned some key fib levels around today's lows from previous rally.....so there is some confluence of factors to consider.....pull out your weekly chart, what do you see.....
Correctly said. I also found confluence having fib61.8 level @1445-50 in long uptrend from 1266. Further 1445-50 is key support and buying area of uptrend since Nov19. This is also daily sma300.
You may call it hard stop for long term buyers.
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