"AUSSI" my thread and anything I want to put here

There still might be room for more upmove. But now it got fed at weekly pivot, might be harder to keep going up.

A couple places I'd look for bangers

That was enough room for bangers. Now head n shoulders might send it back down.

Nope, USA still in buying mood

Thanks Digg, didnt see the big head n shoulders. Also nice levels on the m180. Damm, need to setup the m180 chart.

Back at home. Some flags.

https://www.sunshineprofits.com/gold...-trading-tips/

Gold Trading Tips
Some say that gold is one of the most difficult markets to trade and there is some truth to that – gold doesn’t move like other markets and if investors want to be successful trading it (and it can be very rewarding), they have to keep several things in mind. Over the years of monitoring and analyzing the gold market we noticed many profitable rules and patterns. We successfully applied them and are still applying them for our precious metals trades and we will share our knowledge on this page. It took years of analyzing, testing and using our own capital to make sure that these points are really useful. The tips that you find below should make trading gold easier and much more profitable.
Enjoy:

1. Keep the sizes of your gold, silver and mining stock trading positions small. The higher the chance of being correct, the bigger the position can be (that’s why sizes of long-term investments are bigger than sizes of short-term trades).
2. Pay attention to cycles and turning points – many markets have cyclical nature (for instance the USD Index and silver) and cycles can be a great help in the case of short- and long-term trades.
3. Check the efficiency of each indicator that you want to use on the gold market (or other markets) before applying it and trading real capital based on it.
4. Consider using RSI and Stochastic indicators for gold, silver and mining stocks as they have proven to be useful over many years. Other indicators can be useful as well, but be sure that you examine them before you decide to make trading decisions based on them.
5. If a given indicator works “almost as well” as you’d like it, but you see that it has potential, don’t be afraid to modify it. For example in case of RSI, you see good selling opportunities when this indicator moves to 65 or so instead of the classic 70 level) then it can be useful and profitable to either add additional overbought / oversold level, breaking which would generate a signal (in this case a sell signal) or to change the parameters of the indicator, deviating from the standard values.
6. Use moving averages only if they have been working for a given market in the past – if a given market has been ignoring a certain moving average, most likely so can you.
7. Keep track of the price seasonality – in our opinion its best to use True Seasonals as expiration of derivatives can also have an important impact on the price of gold, but if you can’t get access to them, it’s better to use regular seasonality than none at all.
8. Use trend lines and trend channels – they have often proven useful as support and resistance lines / levels in the case of gold, silver and mining stocks. The more significant lows or highs are used for creating a given trend line or channel, the stronger the support or resistance is.
9. The previous highs and lows can and often serve as support/ resistance levels as well – in the case of the precious metals market, the strength of the support / resistance is strength of the support / resistance created as rising or declining trend lines. The more significant the high or low is, the stronger the resistance or support.
10. Note that markets have not only a cyclical nature, but a fractal one, too. The rallies and declines are self-similar, which means that price patterns that we saw on a bigger scale are quite likely to be seen on a smaller scale (proportionately). This observation can be of great help when determining how low or how high gold, silver or mining stocks will move. We have a tool – the Fractalyzer – that can help determine the similar sessions in their advanced mode, but even if you choose not to use it, be sure to be on the lookout for the self-similar patterns (if the current price move is similar to the previous ones, it’s quite likely that the final part of the pattern – that’s still ahead – will also be similar, which allows you to position yourself to take advantage of it).
11. Pay attention to volume. The volume is a very important, yet often overlooked, piece of information. If a rally is accompanied by rising volume, then it’s likely a start of an even bigger rally. If a rally is accompanied by low or visibly declining volume, then it’s likely ending. If a decline is accompanied by high or rising volume (unless there is a day when the price visibly reverses), then the decline is likely to continue. If a decline is accompanied by low volume, then there are no meaningful implications (yes, the situation is not symmetrical in this case). The above are general guidelines, and before applying them to the current market situation, be sure to check if the above (the part of the above that currently represents the situation on the market) really worked in the way above – if it didn’t, then it’s generally better to expect the same type of reaction that previously accompanied a certain price/volume pattern.
12. Look for price formations (like a head and shoulders formation), but before you apply them (believe that a certain formation is “in play” and likely to cause a certain move which would cause you to enter or close a given trade) be sure to check if this kind of formation worked on this market previously. For instance “breakouts” (which are not a formation by themselves, but this example illustrates what we mean) in silver have quite often resulted in price declines (breakouts were invalidated) instead of rallies, so their real implications were the opposite of what one might have expected based on the classic definition of a breakout.
13. Wait for confirmations. It’s usually best to wait for breakouts / breakdowns confirmation before taking action. In the case of the precious metals market, based on our experience, it’s worth waiting for three consecutive closing prices below / above the critical price level before viewing the breakout / breakdown as “confirmed” and thus meaningful. Invalidation of a breakout is a bearish sign and invalidation of a breakdown is a bullish sign.
14. Analyze more than the market in which you want to trade. In today’s global economy no market can move totally independently. Gold and the rest of the precious metals sector are no exception – their price moves are often linked to the moves on the currency market, moves on the general stock market, interest rates, Fed’s comments, and performance of gold stocks and silver stocks are just the most important ones. Be sure to check what markets were moving in tune or in the opposite direction to gold before and make sure that their impact is likely to be supportive of the trading position that you are about to open. For example, if gold was moving in the exact opposite to the USD Index and you’re considering opening a long position – if you see that the USD Index is very close to a major resistance level and it’s already heavily overbought, then the odds are that the USD Index will top and contribute to or even trigger gold’s decline.
15. Analyze ratios. Of course, not just any ratios – the ratios that have proven to provide important signals for gold (like the gold stocks to gold ratio or gold to silver ratio – they both have a history of leading gold, but this has not been the case during the post-2011 decline), that are important due to fundamental factors (gold vs. bonds ratio – both can be seen as safe-haven assets and major bottoms and tops in this ratio take place along with major tops and bottoms in gold, so it can be used as a confirmation) or because they are often discussed (gold to oil ratio). Sometimes ratios can be utilized to see something from a non-USD perspective (gold to UDN ratio is the weighted average of gold priced in currencies other than the US dollar, with weights as in the USD Index – this ratio can be used to confirm major moves in gold or suggest that these moves are just temporary as they are only visible from the USD perspective).
16. Analyze other time-frames than the one that you’re focusing on. Even if you are placing a short-term trade, be sure to check the medium- and long-term trend. Generally, the longer the time frame, the stronger the support and resistance levels, so even if you analyzed the short-term picture, it can be the case that a given move will be stopped by a medium- or long-term resistance. If you’re focusing on the medium- or long-term trades, the short-term picture can help you fine-tune the moment of entering or exiting the market.
17. Be on the constant lookout for anomalies. When you see something odd, investigate and find the reason behind it and check if anything similar happened previously – if yes, check what happened next. If similar things were always followed by the same kind of price pattern in gold, silver and/or mining stocks, it might be a good idea to trade it. If not, then perhaps the reason behind the anomaly resulted in something else that had a more specific effect on the precious metals prices.
18. Monitor investor sentiment. If the vast majority (!) of precious metals investors and traders are bullish, then gold is likely close to a top (in this case it makes sense to look for selling signals and / or confirmations that the top is in and – if they are present – exit long positions and / or enter short ones). Conversely, if everyone and their brother is bearish on the market, then a bottom is very likely close to being in or already in. The ways to estimate sentiment include checking how often people look for gold-related terms (like “gold stocks”) in Google Trends, monitoring outcomes of surveys with questions like “where will gold price be in 3 months” and similar queries, and also checking the traffic of gold-related websites on Alexa. On a side note when you see that a certain, big gold-related website is very slow or crashes after a big move up or down, then it likely means that the traffic / interest in gold was enormous, which is another way of detecting that a major price extreme is well-nigh (we saw that in 2011 when gold topped).
19. Even if your primary approach is to trade gold, we still encourage you to consider dedicating a part of the capital to long-term investments – it should lower the overall variability of your returns and making gains more stable. There are also other benefits that we outlined in our very first report in which we discussed whether trading gold or investing in it is more profitable. Our gold portfolio report includes a sample portfolio for “Trader John”, which might serve as an example (of course, it’s not investment advice) of how traders could structure their portfolios and benefit from diversified strategies.
20. Before you decide to follow a given analyst, be sure to check how long they have been in the business and if they are known for their good performance.
21. If you do decide to follow someone, it’s usually a good idea to stay with them even if they happen to be incorrect about the market one or even a few times in a row as markets are sometimes moving almost randomly (they are emotional, not logical in the short term) and everyone has to be incorrect eventually (that doesn’t necessarily imply following what they do using your capital – it means monitoring their performance to see for yourself if they can grow your capital over time).

The above is not a 100% complete list of what we discovered on the topic of gold trading (we can’t provide all the details publicly – we can’t cover the details behind our in-house-developed gold & silver indicators), but it includes the majority of things that we found to be very useful over and over again.
If you found the above list useful and / or you would like to learn more about trading precious metals and other markets we invite you to sign up for our free mailing list. Once you sign up, you’ll receive 7 days of access to our daily Gold & Silver Trading Alerts and you’ll be able to see how we use all the above live. Sign up now
Thank you.
Sincerely,
Przemyslaw Radomski, CFA
Founder, Editor-in-chief
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This 4 Hour chart is the way I see it playing out over the short term, (maybe)
If It can stay above the 50ema,
It's a tough call at the moment, folks.

ah 20 minutes too a new 3 hour and a m90 ,, ,,current m90 little candle body right in the middle ,, its favorite sht term ave sitting around weekly pivot ,, the last level it got back ,, would imagine its coming lol

Goog call as always Digs,
I have the 1890 pp as a target to watch as well, in my 15 min chart,
But the 200 ema is up first, in 5 min chart.

yesterdays mid 1887 ,, few sht runner tgts there ,, and then its only the middle ,, between two a bit more solid areas ,, the day is longer thn one thinks sometimes ,, lol,, cheers bud ,, lets see wht it spits out ,,

I have noticed that your 8 min chart gives you a distinct advantage there my friend

lol,, tht was for munchie and a who ever wanted a bit of help seeing some things ,,, I see tht shit on any thing ,, lol,, but i use it ,, I can be lazy lol few extra bangers here and there

Really think many can be a bit bamboozled by the scaling of things ,,and it is so easy to think a top of screen or bottom of screen is res or support ,, and one instinctively just starts looking for reversals when it really isint what one should be looking for at times ,, ,,hard to get a happy medium in there,, the more one can see the better ,, but the more one see s takes away from the exact time to hit the button ,,, as said ,, very hard to get a happy medium in there

Digger, I dont understand what was you talking about .I plan to get in long but the way you talked ,medium there ? what does it mean? Can you please , explain for me so I dont make mistake .Thanks

Should I wait when candle touch yellow line on m8?

probably is a good place for a few ,, with a stop at brk even ,, work at getting just the right bounce or spike down ,, draw your lines munchie ,, ,, but if ya look at a longer chart say like tht 6 hour above ,,, weekly pivot is really just the middle of 2 better levels ,, and indis not exactly screaming long and hold ,, it just came out of oversold ,, been there for a while ,, a good bounce expected ,, its had tht ,,, but there is a low down there tht hasent been tested yet,,its really just in the middle of a middle ,,, but all spots like this are good for shekels ,, nothing ever goes strait ,,, well till it does ,, but it may go strait a way your not expecting if ya didnt do the homework ... our sessions ,, time of day ,, watching for the little patterns ,, one may anticipate a inverted head and shoulder pattern here ,,, but one cant assume its coming ,, especially with a glance at a bit longer chart ,,but these little skirmish areas provide bangors galore and CASH if one is in too tht lol,, but one needs to have an idea of what may be possible,,,takes a long time for even a H6 chart to play out ,