Received a lot of messages from followers that liked the tactics and fast recovery from bad situation
with proper analysis and plan making on time.
This Idea:
But remember that there are millions of situations. This time it was easier because of current market conditions. Next time it may not be that easy because there can be more difficult market conditions...
Although I am in sell position:
There is a long signal generated based on BL4 transitions that gould should reach 1236.2 ( is target )
And breakout higher than that to generate new transition signal.
If gold reach 1236.2 and don't break it by 1$ then that would look bearish to me.
If gold reach 1236.2 and breakout higher then gold should keep moving up.
We can...
We have 1380 Temporary ( TMP ) target and 1430 Permanent ( PV ) target, that we were looking for earlier.
But this drop create same levels downside.
And 1123-1135 now become Half Year Alteration decision zone.
You know what to do on either sides of that decision zone.
Meanwhile, “I Salute to our journey's end.”.
All the best in Trading and Life.
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...
