Agreed! Going short on a swing to Tp at 1680. I feel this level will have to retest.
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DislikedIts make or break time, this 4hr close (which will br 30 mins after NFP) will tell alot about gold direction, bullish close would mean continuation of up swing, bearish close (which i anticipate) would mean the start of correction of course this is my opinion and my interpretation of the chart, im flat for the time being as no signal is triggered per my system yet As a side note, AU/GU/EU seems to be setting for a deeper correction tooIgnored
Disliked{quote} What do you mean about this 4 hour close being 30 mins after NFP? I’m confused by that statement.Ignored
DislikedIts make or break time, this 4hr close (which will br 30 mins after NFP) will tell alot about gold direction, bullish close would mean continuation of up swing, bearish close (which i anticipate) would mean the start of correction of course this is my opinion and my interpretation of the chart, im flat for the time being as no signal is triggered per my system yet As a side note, AU/GU/EU seems to be setting for a deeper correction tooIgnored
Disliked{quote} My chart shows a potential breakout to the upside for Gold. Maybe NFP will be the trigger. It would also coincide with a major drop in the stock market. See Nasdaq wedge on the daily chart below. {image} {image}Ignored
Disliked{quote} Well the most used 4hr candle is the one which opens with the market and closes with it (opening Monday morning or Sunday evening depending on your time zone and closing on Friday evening) Im referring to this candleIgnored
DislikedAgreed! Going short on a swing to Tp at 1680. I feel this level will have to retest.Ignored
Disliked{quote} Thanks for clarifying. My gold market must be special and open differently to yoursIgnored
DislikedIts make or break time, this 4hr close (which will br 30 mins after NFP) will tell alot about gold direction, bullish close would mean continuation of up swing, bearish close (which i anticipate) would mean the start of correction of course this is my opinion and my interpretation of the chart, im flat for the time being as no signal is triggered per my system yet As a side note, AU/GU/EU seems to be setting for a deeper correction tooIgnored
Disliked{quote} i think it depend on the time zone of the broker. my brokers daily candle closes about 2am my time. which is not ideal. it would be more appropriate if the timezones synced with the traders time zone. what i found is that the 4hr candle can look different when compared with brokers in differnet time zones.Ignored
DislikedI anticipate price pulling back to 1767 - 1768. Then, a bullish marathon to 1866 thereabout. A lot of large candles and spikes too...ensure good risk management.Ignored
Dislikedpump before the dump? I would still wait for hour close and (my 4hr candle) which is in 16 minutes to decided, probably i will be taking a short but lets seeIgnored
Disliked{quote} i take back what i said, this seems to be the real deal, longing @ 1823Ignored