BobbyMcGee

BobbyMcGee

Unless the 1H candle confirms below White trendline, taking a trade up to 1H MA, if below white trend, will close and wait to see what it does around 1900.

BobbyMcGee Updated 

Same setup as the last trade. Still bearish. Notes from last trade: At a Monthly and Weekly chart trendline underside and most RSI indicators turning bearish . This can sometimes simply be consolidation, but weight of the various indicators for me has the gold bull run turning bearish for the moment. Potential to drop to the Weekly 50MA below 1850 before it has...

BobbyMcGee Updated 

At a Monthly and Weekly chart trendline underside and most RSI indicators turning bearish. This can sometimes simply be consolidation, but weight of the various indicators for me has the gold bull run turning bearish for the moment. Potential to drop to the Weekly 50MA below 1850 before it has another big decision to make. Taking trade just to 1904. Trade set for...

BobbyMcGee Updated 

Long position based on Clone Levels. A couple of subtle flags missed on the last trade. This one with the trend so lower risk.

BobbyMcGee Updated 

Entering short trade to take us down to 1833. Gut feel looks riskier to me, but just working the method and refining where it doesn't work.

BobbyMcGee Updated 

Starting a trade log on TradingView. Trade as depicted.

BobbyMcGee Updated 

No specific analysis to share apart from just trying to record my trades for analysis later. My method is a modified version of nmike's clone levels.

BobbyMcGee Updated 

I'm committing to publishing ideas more often. I don't have the time for a lot of detail for now, so this will have to do.

BobbyMcGee

I recharted this as my arrows got all messed up on the other one. Cut and paste on the commentary... Following the NFP Drop, where to next for gold? The long term bear trend has been underestimated by many, but has proven a barrier for a 2nd time. Having broken out of its June Bull Trend, in the coming weeks it will return to the main trend line. I expect this to...

BobbyMcGee

Following the NFP drop, where to next for gold? The long term bear trend has been underestimated by many, but has proven a barrier for a 2nd time. Having broken out of its June Bull Trend (just at that resistance now, not confirmed), in the coming weeks it will return to the main trend line. I expect this to occur via the Fibo retracement at 1351, which also...

BobbyMcGee Updated 

Cup and handle pattern completing, however an ascending wedge has given possible different exit point. Trading to Cup exit point, then monitor. First publish! :-)