BULLISH BREAK OF 2507.66: Go for GOLD!

10 wrz

https://www.tradingview.com/x/pEhkUegG/

Gold is travelling well inside a Daily rising-wedge.

The next key level to break is 2529.20 a Top3 created last Friday.

Intraday, Gold has smashed through a Top2 at 2507.66.

All of my Momentum indicators show a bullishness in Gold today Tuesday.

Very little economic news for USA today Tuesday.

One threat will be the USDX which will be looking to make a bullish move above 101.85, a level it got to as recent as last week.

Chris

easy_explosive_trader

10 wrz

Zlecenie aktywne

Long Gold: At current market price.
Price has retraced to the 61.8 level.
That is as good at the moment I think

10 wrz

Uwaga

Buy 2506 to 2506.50

10 wrz

Anulowano zlecenie

USDX rallying close to 101.85

10 wrz

Uwaga

on the very low timeframes usdx is forming a bullish w/bottom to try and push through 101.85

10 wrz

Uwaga

USDX about to makes it next hit

10 wrz

Uwaga

on 101.85

10 wrz

Uwaga

Be careful with long positions traders.
USDX is getting deep for another sweep up

10 wrz

Uwaga

Vix INdex is on the move and about to break higher

10 wrz

Uwaga

10 wrz

Anulowano zlecenie

The dollar is about to have another run at 101.85

11 wrz

Zlecenie aktywne

I Have a Short Setup in XAUUSD...Standby

11 wrz

Uwaga

I am waiting for a deep retracement. So far price fell off a cliff. Better price to enter on a deep pullback.

11 wrz

Uwaga

Short Sell from 2524.25 - 2525.30
SL: 2527.80

11 wrz

Uwaga

My reasons for Short apart from price recently dropping quite big from a test of a previous high, is that GOLD IS OVERBOUGHT currently. THE BUYING PAST COUPLE OF DAYS AND ITS INCREASED IN PRICE QUITE A LOT.

11 wrz

Uwaga

The past couple of hours the Gold price TESTED 2529 I counted 4 times, did not break through and sold off quite quickly.

11 wrz

Uwaga

Might get a better fib retracement level in a moment. (lowertime frame double tops).
I think the $ will rally again at start of New York today Wednesday. I still tip the $ to breakout past 101.85 by Friday close of NY. It could be today.

11 wrz

Zlecenie aktywne

I hope you got on the Short - trade at around 2525.
I think there may be some momentum with us because the momentum oscillators for Gold are supportive of downwards price movement as we head towards NY session.
I am expecting the USDX to rally again at around 9 - 10am NY time. The VIX Index could spike upwards again & this would be supportive of the Short trade & with this strong shock-volatility it's possible goes back under 2500. That is how I see it unfolding once the USDX rallys through 101.85 with a sustained push and break of that level.

11 wrz

Zlecenie aktywne

I am still Short Gold from about 2600
A break below here will be good for the Short. See chart...red line.

11 wrz

Uwaga

Correction: I Sold Gold at 2526

11 wrz

Uwaga

So from the price level now....all the way down to 2500 it is more difficult for price to slice through to move lower due to some very think buy-order blocks. In other words, price may get some support here and turn around for a bit.

11 wrz

Uwaga

CORE CPI due in 5 minutes.
For our Short Trade today, we are after a cpi number greater than actual. A big number.

11 wrz

Uwaga

Take a partial close.
I bought back in about 75% of lot size
you have 2 minutes

11 wrz

Uwaga

It was a Green bigger number for cpi. USDX did not move. Gold's direction maybe down??