simonepepita91
Bán

Market rules the game, we just follow....

FX:XAUUSD   Vàng / Đô la Mỹ
The spike we had today I believe it was caused by the BIG PLAYER of the game who wanted to hit stop losses which were all around 1325-1327 area in order to take back control of the market: THE CHART IS STILL QUITE CLEAR, SHORT !!!!!
Here is another confirmation of the trend reversal we were about to experience and now we are IN !!

Elliot Wave needs the last target to be reached and this target is in the 23.60% Fibonacci at 1280 and if break below that we might see it going down to the next 38.20% Fib at 1238-1240 area.
Here you have the trend reversal indicator:
-Hanging Man+doji+inside bar+shooting star still forming at the top
-hystorical pullback from 1330-1350 (major resistance) to 1280-1240 area, we have seen it quite often in the past years
-Elliot wave forming which needs last target to complete
-OVERBOUGHT indicator RSI 14 and Stochastic in both DAILY and WEEKLY chart
-Stop Losses were hit violently which means big player create spikes as the price might go in the opposite way (check history for examples)
-ALL THE INDICATORS ABOVE HAVE A CONFIRMATION IN THE DAILY CHART

Follow major support and resistance to enter,exit, set SL and TP of your trades and GOOD TRADING TO ALL OF YOU.


This analysis is only meant to be educational and doesn't mean to replace a professional financial advisor entity as in trading your capital is at risk and not responsability for any loss will be taken by the author of the post.
Bình luận: GOLD approaching very very strong resistance at 1330-1332...any break above that might invalidate my vision and a new strategy shall be arranged; however, any sign of strong bearish sentiment (fundamental, engulfing candles, hanging man 1h-4h chart) should instead confirm my view with a retest of the spoken level....this to happen either today or during next week....we'll see !!!!
good trading to all of you :)
Gold has a chance to test 1344
Phản hồi
@Macrown, absolutely possible...the truth is that when gold is behaving like in this period, going up and down between to very important and major support and resistance, a move in either way will be BIG and CLEAR and the anyone has the chance to jump in and make some profit....however I believe that as long as it stays between 1305-1308/1329-1333 it is just bouncing, a break below or above that might see what you are suggesting :)
Phản hồi
Macrown simonepepita91
@simonepepita91, Gold has a chance to fall back
Phản hồi
@Macrown, do you wanna decide yourself ???? ahahahah
Anyway quite easy, only two ways it can go ahahahah
Phản hồi
I might differ
https://invst.ly/6b4kb
Phản hồi
investment6300 investment6300
@investment6300, If you combine waves with cycles and consider we in the first cycle of year which always stretch ave ridge 8 weeks with shortest 5 to 21 over past 5 years
Phản hồi
investment6300 investment6300
@investment6300, we in week 3
Phản hồi
simonepepita91 investment6300
@investment6300, ok, interesting.....this is why I don't jump blind folded into the trade but ALWAYS AND EVER wait for confirmation :) I do have indeed a range of prices where it would just confirm the invalidation of my idea (1332-1340 long term)...we'll see :)
thank you very much for answering and let's keep advising each other, good trading !!!!!
Phản hồi
simonepepita91 simonepepita91
@simonepepita91, we are in a very important range of major support and resistance making it simpler: 1300-1305/1326-1332.....any up and down within this range is only addressed as a bouncing ball and who is trading it is only gambling...the indicators though, candles and other signals I mentioned in the post are suggesting that this ball might soon break below 1305 and I will follow the price once it makes it clear in which direction it means to go :)
Phản hồi
Tiếng Việt
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
日本語
한국어
简体
台灣
Trang chủ Sàng lọc cổ phiếu Công cụ tìm kiếm tín hiệu Forex Tìm kiếm tín hiệu Cryptocurrency Lịch kinh tế Cách thức hoạt động Tính năng biểu đồ Điều khoản sử dụng Người điều hành Giải pháp Website & Môi giới Widgets Thư viện biểu đồ chứng khoán Yêu cầu tính năng Blog & Tin tức Hỏi đáp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh hồ sơ Tài khoản và Tính phí Tickets Hỗ trợ của tôi Liên hệ hỗ trợ Các ý tưởng đã xuất bản Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất