GoodWay Of gold
Attached Image
1
Update for Gold market
Previously, We have detected the strength around 1450.
SLKB under 1450 initiated the up-wave (I marked it with black wave-trend lines)
Let’s update the view using new information from today’s session activity.
1) On the opening, price penetrated the previous minor high and quickly reversed down on the next bars. Potential SLKT.
2) Soon we got ND - lack of volume on up-bar represent the lack of buyers pressure and No interest in further higher prices. Market started to decline.
3) Oh, this is demand entered to support the falling price. Some big interest decided to benefit from buying a cheap contracts. That is why we have narrow range on red bar amid nigh volume (follow blue arrow). What is worth attention - EVRB appeared around duplicated wave-channel line C. So we have to expect the bounce up.
4) IMO, this up-bar with long-up-tail represents the culmination of bounce-impulse. That is why - price is likely to slide toward C line again.
What is next? Line C is likely to be broke down. The visit of 1450 level will give an important portion of price/volume relationships for considerations.
Follow my thread
Previously, We have detected the strength around 1450.
SLKB under 1450 initiated the up-wave (I marked it with black wave-trend lines)
Let’s update the view using new information from today’s session activity.
1) On the opening, price penetrated the previous minor high and quickly reversed down on the next bars. Potential SLKT.
2) Soon we got ND - lack of volume on up-bar represent the lack of buyers pressure and No interest in further higher prices. Market started to decline.
3) Oh, this is demand entered to support the falling price. Some big interest decided to benefit from buying a cheap contracts. That is why we have narrow range on red bar amid nigh volume (follow blue arrow). What is worth attention - EVRB appeared around duplicated wave-channel line C. So we have to expect the bounce up.
4) IMO, this up-bar with long-up-tail represents the culmination of bounce-impulse. That is why - price is likely to slide toward C line again.
What is next? Line C is likely to be broke down. The visit of 1450 level will give an important portion of price/volume relationships for considerations.
Follow my thread
Oleg Alexandrov, market analyst. Find me in Google
{quote} That will be super! Have shorts running from 1474 and was ready to close at about 1463.
hellio fellows. sell 1465.92 with target 1450.00
If in doubt, paddle out!
- #968
- Edited 11:51pm Nov 18, 2019 11:40pm | Edited 11:51pm
Gold right now is in a bit of a holding pattern after a nice leap earlier today. I expect we have more room on the upside and am going long from 1471.
With trade agreement news that is so erratic, one has to monitor trades the whole time.
{quote} Hope you TP at 1474. Had Sell limit there, tp open, will see what happens later. 4 H looks bullish again!
. Just closed out half of trade. Trailing stop on remaining half. Let's hope it keeps going today. Would like to see 1480 or more! They are toying with us on the trade agreement. I'm sure China is watching the impeachment mess and doesn't see a big downside to waiting it out.
If in doubt, paddle out!
- #970
- Nov 19, 2019 12:16pm Nov 19, 2019 12:16pm
- Joined May 2019 | Status: iTrade | 1,838 Posts
{quote} Gold right now just past 1475 - which was my TP
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
54.4%
- #971
- Nov 19, 2019 1:42pm Nov 19, 2019 1:42pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
{quote} Gold right now is just getting started. A lot of the recent losses were due to the US-China trade deals looking like they might happen. Now that they are starting to deteriorate, I expect gold to at least test the $1500 level. We should see volume come up towards the end of this week ahead of the US holidays next week. {image}
Yes... Also, I might just add that GOLD will be laughing at the 1500 level... when it passes it easily
Can you afford to take that chance?
- #974
- Nov 20, 2019 11:41am Nov 20, 2019 11:41am
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
strong down comming. just wait.
Can you afford to take that chance?
- #976
- Nov 20, 2019 1:49pm Nov 20, 2019 1:49pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
i see now this prediction. {image}
) Glad you timestamped more precise prediction this time so that we can compare it later... Keep up the good work.
Can you afford to take that chance?
- #980
- Nov 21, 2019 9:21am Nov 21, 2019 9:21am
- Joined Apr 2019 | Status: Crypto fanatic | 1,589 Posts
Gold positioned to rise, as price is way below crowd expectation last two days 
