In D Chart, Gold is making huge bullish flag. And now we just touch down support zone. (Refer to my previous post)
Gold has to close above Red box zone for the week in order to show bullish formation, and break the upper TL to resume 13xx area.
Strategy 1: Short at red box zone if 4H shows bearish formation target green box zone or even lower.
Strategy 2: Long above red box zone if 4H shows bullish formation or Long at green box zone.
As I mentioned from my previous post, I think most corporations and investors are injecting their money to cryptos. I am inclining to Short Gold. Good Luck!
I am not surprised if we are going lower, all investors are going to cryptos. BTC is trying to push higher, ETH already jumps from $450 to $600+ in less than 48 hours. No funds flowing to Gold.
Operación activa
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1240.50 Long, shifted to breakeven now. Whomever on my Telegram channel. Congrats boys..
We can miss 1237, but we won't miss the pullback.. ;)
Closing my short here. Pullback is making PA back to channel and now retesting channel. Plus today is Friday. Let the D and W candle close to decided where it will go next.
It feels like forever, but Daily Bullish flag is Done.. 4 waves are completed, and Daily candle about to close breaking the TL. (watch the orange circle). 1390 still on sight. No changes..
Soon, we will see some big movement. DXY at a critical point. Close above the Red TL means DXY will rise up after being supported at 61.8. Unable to close it this week means, DXY will plunge and continue the downtrend. Then we will see a clear direction for gold as well.
dunno, but can you update this thread on a new 2018 title please?
Mo-Sid
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Your idea is pure madness bro proper on track! Patience is true key. Thanks much for sharing Gold King :)
RoboCash
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@Mo-Sid, thanks man... indeed. Lots of patience needed. Just keep buying dips. I don’t see the trend change anytime soon..
Mo-Sid
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@RoboCash, i been catching all the big dips on the side lines. Bulls are teaching bears a big lesson for messing the bulls around from 1356 few months back lol
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