Gold calls.Long term -medium term and intraday calls in gold is here !.

[Dentalfloss]

and why did we short the bounce
cos
we did not test the downtrend

 

[Dentalfloss]

gold daily
a break of trend
going into a consolidation

 

[Dentalfloss]

but...
if we look at the weekly..then we have an idea where potential resistance might be

so.the next test might be 1340 area
there is good horizontal support at 1310 area
lets see what happens

 

[Dentalfloss]

today..so far
the price action
5 min
3 trends and one very minor bounce

 

[Dentalfloss]

great stuff today
some really wild stuff
we really need more of this

 

[Dentalfloss]

price action so far today
30 min..dots are the close
we were in a downtrend as we entered the day
break of support was the entry/red
and then a long wait for the second break
entries were at the other side of the support...keeps the stop tight...so cannot show the complete build up for the entry as that would mean posting many charts
on all occasions,,,we identify a possible breakout point and then thru s/r we try and get in on the other side of the pattern...its all simple stuff

 

[Dentalfloss]

price action on 5 min..so far
yellow are scalp longs/breakouts
no real trends so far today
just some impulsive moves

 

[Donzayy]

Do you think the Gold price will go up or down today? Not sure whether to buy or short :S

 

[b_p4tel]

today im not so sure.....

maybe still down

 

[Dentalfloss]

this is how i saw it today 5 min
a breakdown
then support and a new uptrend that spiked///a good place to look for shorts
then a move back down/a very sharp one
so..price went nowhere
at the beginning of the day,,,as you can see...it is very hard to make calls on direction for the day
just trade the trend

 

[Dentalfloss]

but....
if we look at that spike on 1 minute....what do we see ??/

so..what we got was 3 minor trends today within a consolidation
and i dont think there was a call for up or down
that is not easy to do

 

[Dentalfloss]

here was the trend on 4 hour which we had marked premarket
so,,,another wild day
these can be traded very easily when you follow the trend

 

[Donzayy]

It should increase today right? It's been down for long now

 

[Dentalfloss]

It should increase today right? It's been down for long now

support broke
30 min chart

 

[Dentalfloss]

so.. a break of support last night
the bounce
price still keeping in that 30 min downtrend
no sign of a break of trend as yet

 

[Dentalfloss]

30 min trend showed res this morning
back into the horizontal supp zone
what next ??

 

[Donzayy]

Hope the price increases today, what does everyone else think?

 

[b_p4tel]

Hope the price increases today, what does everyone else think?

still short

 

[Dentalfloss]

so far today on 1 minute chart
we got the move up to test trend res/30 min
then the moves down to the horizontal supp
then a bounce

 

[Dentalfloss]

the 30 min trend
tested 3 times
then a break of support