goldenBear88

After sidelines, engaging my set of Sells

看空
OANDA:XAUUSD   黃金現貨 / 美元
Gold is currently on the strongest Daily candle since July #27 (not on Daily % change) and the #1,990.80 formed new Top. This means that Gold is already in high Overbought waters (since August #2) and based on my estimations, yet again I see no space for further Buying. All I can spot is new decline as an answer on this aggressive Bullish spike. With All Charts: Hourly (#1,#4,#5,) and Daily strongly crossed into Bearish values I maintain my final Take Profits #1,960.80 and #1,940.80 in continuation. Remember when unsure of Gold's direction, look always for the underlying correlations with the strongest instruments. With DX convincingly breaking the Hourly Support, Gold's answer was current Bull spike. I assume no Long positions until this Daily Resistance is crossed and a Higher High is created. Until this happens the current consolidation will continue to resemble the October - November #2017 pattern, aiming the last Selling sequence of this cycle. Gold has moved onto a semi-Ascending Channel formation on Hourly 4 chart (Breaking upper Bollinger band) with today's Price-action Trading near Higher High. Of course much is attributed to the ongoing trade war tensions whose late optimistic developments (deal hopes) are now pulling Gold upwards. I expect my Target to be tested within #2 sessions. I shifted my strategy at the moment and keep in mind that Gold changed it’s course and now have Bullish sentiment on the Short-term, but every rise (either on Hourly 4 but mostly on Daily) should be sold. However, if #2,000.80 psychological barrier breaks, Gold can spike up #19$. If E.U. opening delivers situation within my model, I will engage my set of Sells.

- My official and only Telegram Channel: t.me/goldenBear88
- Few other un-official channels are not mine, they are copies using my real information (impersonating me and my work / identity) so keep that in mind and beware of those.
免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。