This is why we are goiing down as a part of this MTOP breach...Gold is still overbought on the high timeframes. on right chart is a bearish MACD crossover.
註釋
i dont know my left from right..left of screen sorry.
註釋
交易進行
SHORT GOLD:
I thought what the heck on this 2HR chart. The top of the bearish candle was somewhere I started shorting. I was very early on this one today because I sense the weakness in gold's lack-lustre move upwards yesterday and today. I could sense the divergence between silver and gold, silver's strength and momentum and the opposite for gold. But my no-secret weapon anymore the Stochastics and RSI from 1hr to monthly. You guessed it heavily bought up. But I could see it was getting better than that, across all the timeframes the Stochastics were starting to cross down the 80. When that happens you pull Short. But I trade fib levels as well. Take a look and why we are going down in the gold price.
註釋
Fib levels involve a little guess work. The price could run up past that 61.8% but I don't think so. That's the retracment level already made in. the last hour.
註釋
You often see the price touch the neckline in an Mtop sell-off and then retrace. I think they do that to take the selling pressure away from the Stochastic Oscillator. But the oscillator steps in after a while and then takes price down.
註釋
some very latest analysis on gold and its retracement so far.
<deleted>
註釋
SHE IS SELLING-OFF
註釋
The very latest break and impulsive move down. I shorted into its momentum down.
註釋
交易進行
I hope you are all well.
I am back after a little nap. I was so drained after studying the Gold Price all day in the Oceana session. It's in another thread but I could see weakness in the Gold price earlier & its lacklustre ability to get back above 2031.70 area.
Next I looked at the Gold-price RSI & Stochastic levels from the 1hr right up to the monthly timeframes & every one of those timeframes was very overbought. So there was no demand for buying Gold so the price had to adjust down. Of course demand will come back into buying Gold at these levels under 2500.
It was a mammoth trade, I was locking in profits on the way down from about 2028 or somewhere at that price-point, then I would sell again into things like Fib retracements. My Stochastics, RSI & even MACD acts like a road map in my mind, in other words I knew it was going much further down.
Then I saw a monster M_TOP forming on the 4HR and I realised that this particular bearish system was the one that would probably take Gold down to a level that I tipped and documented - anywhere from 2484 to 2480.
Here is another trade I gave my followers, trading is much more fun when you trade together even though I don't technically know you yet, it is good to help you with your trading and to put some money in YOUR pocket.
This trade we took on the side from shorting XAU-USD is none other than Silver XAG USD. Please take a look.
交易進行
I might have a short trade in silver shortly.
I urge you to risk 0.25% to 0.5% of your total capital
交易進行
The trade was a heads n shoulders but on a 15sec timeframe. I will look for something on a highertimeframe.
交易進行
Keep this Short trade on XAG USD Silver Daily timeframe. It may not come into play as we are 9% above the neck & technically there has been no retest of price.
註釋
Be careful buyiing thiis gold price right now. id say a. false break to trap traders. Heere is why i think [price has further to fall...
交易進行
SELL Silver XAG USD limit or market order
Sell anywhere from 29.30 to 29.33
SL 29.42
* I recommend you risk only 0.25 to 0.5% of your capital
註釋
I was worried about getting stopped. too close to market open everyone buying.
You can see here on 30m 120m 240m how silver has fallen out of. these rising wedges I find that very bearish plus price is under yellow ema 9. Monitor your trade by ensuring most of the time price is under your 9 ema it wont be all the time
交易進行
Stochasstics on the Daily are really workiing for us + a MACD cross on daily later. The 4HR is not so good because it is more oversold but so long as strong buying does occur the 4HR will not Cross up. We want it pointed down like the Daily
註釋
totally unpredictable but. on the 15 second chart a w/bottom formed. This will probably sell off they just attradct buyers.
交易進行
i would say supporting a short on silver is a rallying US$ today it is up around 0.5%
交易進行
Update on silver short:
I am hopeful quietly confidently that the silver price will fall out of and below this big blue triangle formation soon.
註釋
wow exactly what i wanna see this bearish pattern on a 5 second chart
註釋
this is forming an mtop bearish and should drive the right side of m straight down and through
交易進行
Of course it's always going to be harder Shorting Silver / Gold or anything when the Daily Moving Averages are sitting nicely above price.
But I shorted Gold up around 2528 in the Asian session today because I could see the weakness in its action. Plus the main thing was every timeframe was overbought on rsi and stochastic and I could see that the Oscillators were going to start crossing down 70 & 80 respectively.
交易進行
This latest 2HR candle. Price if you watch it on a 2HR chart....price has gone just beyond the last fib area 61.8% but price keeps dancing around it and it looks to be slowly getting rejected. Sellers will step in.
交易進行
xaueur: short opportunity
註釋
Hi, I got out of the short. i dont know for sure but they may take the price back up. I will buya couple long positioons. cautioously
交易進行
Possible bottom in the sell off:
gold price is hugging the 50ema on 1hr