please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1796.8 ===================Lessons================= Today's plan is almost same as yesterday. but I want to markdown a few lessons learned from yesterday loss. 1. DO NOT predict the consolidation pattern before it really happens. I made a conclusion that it will be a...
please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1796 ===================Analysis================= Yesterday I was looking at my chart and think Gold probably could test 1830. But it just bring me a weird feeling when price rejected hardly at 1798. Then I scanned my chart and find there are so many trendlines in the...
please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1786 ===================Analysis================= Yesterday Gold had made the correction down to 1782 lowest with a strong momentum. I was expecting this correction to be completed in 2 days but future is un-predictable. Due to the strength of the drop, the bullish...
please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1802 ===================Analysis================= Yesterday the market confirmed the breakout of descending trendline, and I know everyone is expecting Gold to hit target 1830 area. Usually once the trendline is broken, a re-test would happen before another push up. So...
please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1793 ===================Analysis================= Today's closure is essential for furture direction. I'd rather use the dayframe instead of H4 to proceed the analysis. Last Friday Gold break the trendline and test 1812 highest, but then due to some reasons, dropped $30...
please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1787 ===================Analysis================= Last day Gold dropped to 1777 but now is back to 1786. Gold is continually creating Higher Lows since 1760. Honestly, I have less confidence about bearish movement and need to bring the consideration of higher high...
please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1787 ===================Analysis================= Yesterday, many bears are trapped by the sharp fall and the quick reversal afterwards. Today the gold is testing a new high 1789, which is still in the range of wave-2. I think I made a mistake that I predicted the...
please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1774 ===================Analysis================= Yesterday, Gold moved exactly as planned. It rebounce to 1782 but then re-test 1775, then jump again to 1785 to finish wave-2. Currently, gold is ranging between 1767 - 1784. A triangle consolidation pattern may happen...
please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1775 ===================Analysis================= Gold finnaly bounced from 1761 area to the current price 1775, which is the calculated R1 mentioned in my last analysis. Due to the fact of U.S inflation and tarppering, Gold lacks of the fundmental support to be bullish...
please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1795 ===================Analysis================= Last Friday, Gold droped fast from 1796 to 1765, a $31 range with no correction, to start a new wave cycle. I always believe the market can not go straight forever, thus a correction must happen in next week. The...
please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1795 ===================Analysis================= Based on my wave count, Gold completed a full 8-wave cycle and the ending piont wave C is 1800. (Shwon as in chart) The momentum of bullish is quite strong, which makes many people think Gold price is gonna go 1830 or even...
please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1791 ===================Analysis================= Yesterday CPI news pull down the Gold price from 1776 to 1759 in just 20 mintues, but then reversed quickly for some unknown reasons, to 1795. FOMC also indicated that tapering would happen in Nov or early Dec, but seems...
please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1762 ===================Analysis================= Yesterday Gold touches 1769, the exact 61.8% of fib line, and then started dropping. In my 1011 analysis, I already listed a few facts and pointed out that we are in the ranging market, where the price will just go up...
Today's plan is exactly same as yesterday lease note: This is a personal journal only, but NOT a trading suggestion. Current price: 1755 ===================Analysis================= On Last Friday, Gold reached 1780 to complete wave-c due to the effect of NFP news, but then reversed quickly and down to 1751 in the early morning of today. Now it brings a...
please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1759 ===================Analysis================= On Last Friday, Gold reached 1780 to complete wave-c due to the effect of NFP news, but then reversed quickly and down to 1751 in the early morning of today. Now it brings a confusing question, is it bullish or...
please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1759 ===================Analysis================= In last few days Gold was doing a long correction wave with a clear consolidation range 1746-1766. There's no clear direction until Gold breaks this range. Today's Non-farm payroll data will give us a big impulsive move,...
please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1761 ===================Analysis================= Gold has made a insane bounce off since 1722 to 1764 with barely no stop. A correction must happen before gold can really be bullish in long term. So I won't chase buy at this point. The minimum correction point is 1750...
please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1753 ===================Analysis================= Gold has made a insane bounce off since 1722 to 1764 with barely no stop. I know this correction will happen but didnt expect it to be this strong. In my previous analysis, I point out that 1742 area is the key resistence...