chartwatchers

GOLD - Jumping on the gold train

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chartwatchers アップデート済   
FX:XAUUSD   None
103
Yesterday we not just broke the red trendline but also printed a swing on the daily chart.
Today we made a higher high, so
I make the call : we are in the 2nd daily cycle.
In gold's intermediate cycles the 2nd daily cycle always the strongest one.

My advise to open the position and if we have a dip add to the position. In the 2nd daily cycle the pullbacks are small and rare. Next week we are going to break to new highs ( above 1376$). I think the stock markets will print a HCL decline and that will help gold to rally. And when the dollar starts to fall - it seems to be starting now - gold will skyrocket.

No shorts from now it's going to be a big move up.

コメント:
Pullback levels:
20 EMA (we are there right now) and 50 EMA
コメント:
Close to the 50 EMA.
BUYING
コメント:
It seems the pullback is done : we almost tagged the 50 EMA.
Hopefully surprise will come to the upside...
コメント:
Gold is forming a flag after BoJ.
Waiting for a break to the upside.
コメント:
Bull flag broken.
You get 3 very good entry points for the 2nd daily cycle.
I hope some of you have entered. It's going to be a wild ride above 1400.
I was adding at the bottom of the flag.
コメント:
I'm waiting for the dips to add.
But it seems we will have a daily maximum close.
コメント:
IMPORTANT:
THIS IS THE SECOND DAILY CYCLE OF THIS INTERMEDIATE CYCLE.
It's always the strongest. We will break to new highs - above 1375 - next week.
This is not a daytrade. I'm going to close this position near to the end of August.
NO SHORTS. Only buying the dips.
トレード稼働中:
We have a tough week behind us. I will try to cover most of the markets on the weekend because next week we will have unique possibilities to ride especially in gold and hopefully in oil.
Next week I will be in Dubai and Abu Dhabi but will be watching all the market movements and will be posting.
Have a good weekend!
コメント:
We have just broken the descending-wedge-flag consolidation.
The bull seems to be ready to really run.

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