Gold Daytraders

[CanOz]

FWIW, CL is in the same 'boat'....bearish below 44.00

 

[Joules MM1]

bid couldnt even achieve a basic ratio length......rubbish lift inviting get-out trades and sell-side liquidity

 

[CanOz]

FWIW, CL is in the same 'boat'....bearish below 44.00

CL has made a good move overnight, GC has rejected our first trade location but still looks to be balanced between 1270 and 1258.

 

[Joules MM1]

gotta go down to get up...with this much mess, won't be precious about any swings

 

[Joules MM1]

@CanOz

‏@NDR_Research May 11

$DXY near range bottom, but good news priced in. Questions stronger $USD view. See opps for US vs Int stocks

how much more can the USD stretch....history sez: a lot !

 

[gartley]

Just my on Gold guys...

I think we have descent move down in the offering with good R/R Cheers

 

[Joules MM1]

$dx impulsive bid gold being hustled south

 

[Joules MM1]

‏@wgeisdorf 14h14 hours ago

How quickly hedge fund sentiment can shift in 5 months...short dollar trade starting to get crowded! @NDR_Research
6 retweets 8 likes

#$DX

 

[Joules MM1]

big pull on local $XGD .....inline with a bull ....probably cyclical bull.....healthy retrace

gold v $DX



context context context

and relative size

 

[Wysiwyg]

will look for this action to complete when the $XGD has completed its pullback....some ways to go, probably

The All Ords Gold Sub Index came within 18 points of old support and promptly rejected.

View attachment 66741

 

[Joules MM1]

The All Ords Gold Sub Index came within 18 points of old support and promptly rejected.

View attachment 66741

thanks mate ...any chance repost?
(response to link:
"Aussie Stock Forums Message
Invalid Attachment specified. If you followed a valid link, please notify the administrator")

 

[Wysiwyg]

Yep.

 

[Joules MM1]

Colin's kinda bullish....ya think

If your capital is sufficient, why not take a three-way bet? Fill a third of your position at $1280, a third at $1300, and the other third on retracement that respects the new support level (at $1300).

k, fair enough

https://goldstocksforex.com/2016/05/18/golds-next-entry-point/

 

[Joules MM1]

the 1185 i listed as my retrace target is now adjusted ....selling is steady and consistant, no need for anymore fake lifts and whips, traders are either in for the ride or alighting at the wrong stop

two basic ratios 1:1 would have us reach min 1226's to 1129's zone for an attempt to bid up price which is likely to fail as the auction seeks to cull weak longs and attract weak shorts

a better target is the 50% level 1175's of the whole lift from december
then 1155's of the major impulsive leg, with further reach at 1135's

a ratio that hangs over from the major downtrend maybe active, as unlikely as it is as we're in a new game it is still worth observing at 1159's (see daily view)

$HUI and $SILVER should confirm the move ....they appear to be sync'd
already some $XGD comps are pulling back, after a strong hit last week, the betas should at least track sideways as they consolidate to move higher

 

[Joules MM1]

1217's has a harmonic thing for a bounce but looks more impulsive in the larger downswing and am playing the rules of continuation

 

[Joules MM1]

much of the travel has been done, but, not enough of the psycho-babble traversed as seen thru the cfd positional lens (front month contract via CMC) which (stamped) 78% BTO all clients

50% common levels

 

[Joules MM1]

ratios

 

[Joules MM1]

the stop is the price of education

 

[Joules MM1]

no biting to get thru the ratios overhead

(and no cheap edu either ...yet

)

 

[Joules MM1]

i'd like a set-up for the GDP, please ....make it a double woodya