we are approaching a key resistance level at the 1232.75 zone. A bearish divergence started at the end of Jan and is still happening. I believe after price reaches the 1232 area we will see a correction happen and a downtrend to the 1196 zone before continuing bullish again.
price keeps failing to break below the 112.28 zone which is a key support area. Another fail to break could allow long positions to be taken up to the 200ema(blue) once the 50ema(red) is broken or possibly even higher. There is a bullish divergence on both Momentum & MACD
Gold have two targets 1206.3 ( based on current breakout R % xo23/55 )
1193 because January 31 is not having a valid BL 12 transition low.
Not providing entries on this one, selling every BL12 cycle H for these targets.
Good Luck.
NFP should create highs and lows between the two blue arrows I have placed on my chart. By doing so it will create a 120 pip range and provide some good opportunities for positions.
This is high risk experiment for myself just to understand the current cycle and transition behavior and apply that for market dirrection.
I am reposting the same idea layout with little more analysis.
I posted this one earlier before and made frequent updates in whatsapp group.
We are in sell from 1222ish and holding.
But now I want gold to tell the...
In previous Idea we sell.
I found Thor's hammer in TV. It is very rare and expensive loved by collectors. Couple Bears contact me willing to buy it. So I am trying to sell Thors hammer for 1217.20$ Hopefully it is a great deal.
Don't forget this idea Decision zone:
If gold break 1217 > 1.4$ + spread I am closing all sell positions because gold then go test...
Hey guys.
End of another month.
I hope that after reviewing your trading performance this month you can say you made it well .
New Month with new trades ahead.
I want to take time and play quick little game with you having a little rest.
Place your BET in comment section below - Will gold close Higher or Lower today than open price.
Lower - BEAR...
I would like to see buying on opening.
If so then great sell afterwards.
This is High Risk trade because Banks are watching TV posts and executing orders against us, so trade on your own risk. We can have this in profit only if Banks don't see it so please don't like this idea so it will not appear on main page!
Thank you.
When I make Gold 1220 short idea I say
postimg.org
And we have 40$ pullback.
Now BL4 float Higher than BL12 indicating vice versa = pulback up.
So if gold don't break 1181 we aim 1250.
If gold break 1181 we aim 1150.
Updating this idea with my decision Monday.
BL is advanced transitions that stand for Binomial Line.
The sum or difference of terms which have...
