{quote} Short term correction. Second sell position loading.... {image} {image} {image}
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Second position closed. We can't tell if this bear move will continue going lower. We are still strong bullish in the daily and weekly. So be smart and take your profits early.
{quote} Second position closed. We can't tell if this bear move will continue going lower. We are still strong bullish in the daily and weekly. So be smart and take your profits early. {image} {image} {image}
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We're ready to continue the uptrend. I'm already in the trade. Second enter will be at the break and retest of structure.
{quote} We're ready to continue the uptrend. I'm already in the trade. Second enter will be at the break and retest of structure. {image}
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Are we correcting for more down side ore breaking up? This pattern is looking like a correction for more downside. We have a buy for now, while in the triangle.
If we reverse down at @4090 then we expect a break below the triangle. But if the market continues to go above 4090, then we are good to stay in the buy.
{quote} Are we correcting for more down side ore breaking up? This pattern is looking like a correction for more downside. We have a buy for now, while in the triangle. If we reverse down at @4090 then we expect a break below the triangle. But if the market continues to go above 4090, then we are good to stay in the buy. {image}
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Gold has been giving mixed signals the past few days. The buy was a burst. Let's see if we get this sell.
{quote} I want to see a small pullback on 5 mins to enter the sell. It will be a sharp sell. {image}
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Looking at this 30 minute chart, it seems like we have a HS forming, meaning we have completed a cycle and now we are reversing.
How far will the downtrend go? Not sure, but I'm not buying gold till next week. This could be a short 1hr correction, so I will set short term targets and see how it goes.
{quote} Looking at this 30 minute chart, it seems like we have a HS forming, meaning we have completed a cycle and now we are reversing. How far will the downtrend go? Not sure, but I'm not buying gold till next week. This could be a short 1hr correction, so I will set short term targets and see how it goes. {image}
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Damn! That fall was fast. Let's see if we will hit our target.
{quote} Damn! That fall was fast. Let's see if we will hit our target. {image}
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Trade closed at the target. YEAHHHHH!!! I think we will go lower down to 4081 if we are getting an ABC correction on the daily. But at 4081 we've to be careful selling at that area.
{quote} Trade closed at the target. YEAHHHHH!!! I think we will go lower down to 4081 if we are getting an ABC correction on the daily. But at 4081 we've to be careful selling at that area. {image}
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Second trade dusted. It's been a good week for me. Next week we'll see if we are getting an abc, meaning more sells or we are correcting for a buy.
{quote} Second trade dusted. It's been a good week for me. Next week we'll see if we are getting an abc, meaning more sells or we are correcting for a buy. {image} {image} {image}
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I posted this possibility of a downtrend to complete the daily correction. I think we are ready for that fall now.
{quote} I posted this possibility of a downtrend to complete the daily correction. I think we are ready for that fall now. {image}
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We having slow days this week. But we are getting that sell. Just not sure how low we will go. If we get that break and retest, I'm entering for the sell.
{quote} We having slow days this week. But we are getting that sell. Just not sure how low we will go. If we get that break and retest, I'm entering for the sell. {image}
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Too early to say if we have changed trend. I want to see a 15 minutes correction above 4381 to confirm we are out of the bearish trend.
{quote} I posted this possibility of a downtrend to complete the daily correction. I think we are ready for that fall now. {image}
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I have been expecting this fall to complete the correction. Now it's looking more like a running flat. Buying now will be a risk. I will be taking any 15 mins pullback and see how low we get. I anticipate 4040 before we continue upside.
{quote} I have been expecting this fall to complete the correction. Now it's looking more like a running flat. Buying now will be a risk. I will be taking any 15 mins pullback and see how low we get. I anticipate 4040 before we continue upside. {image} {image}
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So much for speculation. That fall yesterday confirmed we are indeed in a downtrend at least down to 4040. I will be selling today if I get a clean signal on 15 minutes.
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