Hi Traders,
We could be seeing a gold buy position after price tanked to complete an ABC corrective pattern.
Higher lows, Higher Highs. Uptrend still in tact.
Reasonable Buy with the Trend for a bet that the trend will continue.
We could be seeing a gold buy position after price tanked to complete an ABC corrective pattern.
Higher lows, Higher Highs. Uptrend still in tact.
Reasonable Buy with the Trend for a bet that the trend will continue.
Comment:
Hourly looking good so far. Would like to see it close strongly bullish.
Comment:
Hourly candle closed strongly.
Nice reversal signal on the 4 hour. Looking for next 4 hour reversal signal to close bullish (the stronger the better of course).
Looking for price to break above the nearest hourly resistance.
**Keep in mind: Price could possibily reject off the nearest resistance create a trading range.
Nice reversal signal on the 4 hour. Looking for next 4 hour reversal signal to close bullish (the stronger the better of course).
Looking for price to break above the nearest hourly resistance.
**Keep in mind: Price could possibily reject off the nearest resistance create a trading range.
Comment:
4 Hour created another signal. Looking for the next 4 hour to close strongly.
These 4 hours are showing some indecisive trading but a strong follow through bullish candle after these bullish signal bars is a great confirmation.
1 Hour looks good so far.
Looking for continuation up and break above the nearest resistance point.
We MAY see trading range here and price rejecting the break up. We will see how it goes.
Smaller time frame showing a catch for the ABC correction followed by strong bullish action. I want to see continuations and especially good follow through buying and strong bullish closes on candles on the Higher Time Frame.
Goodnight for now friends.
All the best!
These 4 hours are showing some indecisive trading but a strong follow through bullish candle after these bullish signal bars is a great confirmation.
1 Hour looks good so far.
Looking for continuation up and break above the nearest resistance point.
We MAY see trading range here and price rejecting the break up. We will see how it goes.
Smaller time frame showing a catch for the ABC correction followed by strong bullish action. I want to see continuations and especially good follow through buying and strong bullish closes on candles on the Higher Time Frame.
Goodnight for now friends.
All the best!
Comment:
Update:
Good morning everyone,
So far we are getting some decent buying coming into the market. I like the 4 hour follow through. The Daily candle also closed bullish. Need the new daily candle today to create further bullish activity to increase the probability of continued bullish moves, which ties into the bigger uptrend. The probability at this point will be relatively high of potential future uptrending moves.
On the smaller time frames at the moment, we are creating higher highs and higher lows.
We are also above my 20 EMA. It's acting as a support level too as price constantly gets rejected and bounces off of it on all time frames.
Will closely watch the higher time frames such as the 4 hour. As more bullish candles get printed out, this stacks upon itself the idea of a continued bullish continuation.
**Remember, depending on the type of trader you are.
If you're a swing trader, set your defined risk and stop loss position and let it run. Don't babysit the charts, all that will do is lead you to making your own trading errors. Remove the Psychological errors that create your own trading errors by removing yourself away from the chart.
It's good to become "system-like" as a discretionary trader. Our emotions like fear and greed blind us from the reality.
The market does what it wants to do and is always right.
We are the ones that usually get in the way of that.
Good morning everyone,
So far we are getting some decent buying coming into the market. I like the 4 hour follow through. The Daily candle also closed bullish. Need the new daily candle today to create further bullish activity to increase the probability of continued bullish moves, which ties into the bigger uptrend. The probability at this point will be relatively high of potential future uptrending moves.
On the smaller time frames at the moment, we are creating higher highs and higher lows.
We are also above my 20 EMA. It's acting as a support level too as price constantly gets rejected and bounces off of it on all time frames.
Will closely watch the higher time frames such as the 4 hour. As more bullish candles get printed out, this stacks upon itself the idea of a continued bullish continuation.
**Remember, depending on the type of trader you are.
If you're a swing trader, set your defined risk and stop loss position and let it run. Don't babysit the charts, all that will do is lead you to making your own trading errors. Remove the Psychological errors that create your own trading errors by removing yourself away from the chart.
It's good to become "system-like" as a discretionary trader. Our emotions like fear and greed blind us from the reality.
The market does what it wants to do and is always right.
We are the ones that usually get in the way of that.
Comment:
Keep in mind also of potential Trading Range zones that could be created here as we are seeing a fair bit of wicks, dojis and indecision.
Comment:
Looking for possibly ABC here before we continue rising up.
Comment:
Looking for strong bullish candles here.
I'm going to go out for some exercise but also will be out and about today, i think what i wrote should be enough and you don't need much updates from me anymore.
Enjoy your day/night friends, wherever from the world you are from :D
I'm going to go out for some exercise but also will be out and about today, i think what i wrote should be enough and you don't need much updates from me anymore.
Enjoy your day/night friends, wherever from the world you are from :D
Comment:
Traders i think we may be turning into a trading range. There's a lot of wicks, a lot of indecision.
We may be heading down to the bottom of the trading range now.
We may be heading down to the bottom of the trading range now.
Comment:
Trading Range. Here's the next moves i see.
We still have room before we get to major resistance above of 2011-2012 All Time Highs.