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Xauusdwave

GOLD / No Spike & Pullback.Just an informative chart for followers. Some were asking why there was no spike downwards like normaly it should be, and why there is yet to be any pullback / correction. Because too heavy shorts were in the gold and too heavy longs in dollar. Checked with one of Bankers that I know who is working with largest banks in the world ( not saying the source ), Yesterday in just one sector their customers had 67$ B in Gold shorts and 115$ B in Dollar longs ( overall ) And it is just one sector of brainwashed sheeple that did blah blah about how rate hike will hit the gold and bring dollar to the moon. So in other words that money is trapped now. Human nature - most of this money will still be in just because they do want gold to pullback to eliminate the loses, but what MM want to happen is get them in hedge positions. They are not that interested in individual/company just closing the position with loss, they are more interested to get them in hedge, that is what they want and what they like, then the real game starts. Huge money is left down there and part of it is still floating. I am not interested in this aspect as I am intraday tech/math trader. Still waiting for 1247 and was building gold longs way before the hike day. But overall this is why I hate fundamentals, I never follow them, and never get involved in them. Just some of the most popular quotes from TV: " If Trump will be a president, Gold will fly to new highs " " If NFP will beat ( Last Friday / March / ) - Gold will be under 1180 in no time " " If they hike the rates, bloodbath in gold " Maybe thats already enough? If this is not working as a confirmation and you still go blah blah about what will happen on this and that ( fundamentals ) all I can say - yeah some people never change. Techs point out the direction ( in most cases ) way before fundamentals arrive. Fundamentals just fill the direction, is what I believe in and bring the volatility that we traders love, so market is not ranging. Now look for excuses why it did not work out and dollar tanked while gold fly up on rate hike. Some are good at that too. Take care peeps.
FX:XAUUSD
by TheZabisyu
6
GOLD / HoldingWasup, do we still look up? Yes, nothing have changed on my radar. What was the red area in your last chart indicating? Red zone is a zone where I was adding buys ( pyramid principle ), and daily close below this red area is where I start to hedge. Since we did not have daily close below it I did not hedge because I don't need to. My entries are: 1224xx 1221xx 1220xx 1214xx 1206xx 1200xx Taken using pyramid principle that means every lower position is taken with much bigger size than before. Aiming for the same targets. Why you don't post screenshots with your acc and positions? Because TV administration made a new house rule that prohibits to post such screens and based on that kindly asked me not to do it, that is why I cannot post these screenshots otherwise I will be banned. This is just a follow up since a lot of you ask what to do with positions. Like stated before these trades will be rewarding only with right risk management in confluence with patience. Take care.
FX:XAUUSDLong
by TheZabisyu
8
Gold bugs shot in the headGuys.... As with every $20 rise in price, gold bugs start to throw our the 50k figure... simply not going to happen. Also to add clarity, gold is not a hedge against inflation, rather a hedge against governments. The last idea I posted (see attached), showed this run to the 1250 area before continuing the decline, now it's important to understand that February desperately needed to close above the blue shaded area to show signed any significant strength for bulls. As I'm sure you've already noticed, this did not happen, indicating further decline. We are facing asset inflation, this means Draghi is in an even tougher position trying to keep up the negative interest game that has completely failed over the past 8 years. The question is whether the ECB will be compelled to end this failed policy and raise rates alongside the fed. I've mentioned previously that rates will rise because the Fed will be deprecated when they are faced with the Dow continuing its journey to 30k. Futures markets now have the probability of a hike at just under 80% (79.7), compared with the previous 50% figure only last week. Once we see below 1220 then I must mention, a waterfall will follow. All the best and join our new telegram group via the link below.
FX_IDC:XAUUSDShort
by TheBanker
21
everyone is mad at meGold managed to hold advance toward 1249.60, 38.2% level from November 2015 lows, to highs in March 2016. Market now faces resistance at 1197 and 1206, as long as we hold below this zone another drop wave will be expected toward 1172.06. Above 1206 more advance may hit market toward 1249-1250 zone. 1249.60-1250 will be treated as resistance for the coming Short-Run which may add fuel to another drop toward 1172.06-1165 zone. Not a buyer above 1249.60-1250, instead expect to see some hard selling there and I seem to be the one spreading the bad news for any bulls expecting gold to get 20k, best of luck trading this I will be uploading a daily chart to go with this as have had many requests. Please remember to thumbs up and comment, thanks!
FX_IDC:XAUUSDLong
by TheBanker
36
GOLD / ObamaGoldCareFollow up: Baby bull is not gone, it is accumulating. Recalculations show upside sentiment. It usually comes unexpected. Since central banks and big players follow me on Tradingview, we drive this up together. They follow smart ones. We are long from white zone ( on chart ) Red zone represent a bullish problem zone - intraday, but since gold should met 1247 ( sentiment level ) can we take the red zone out? Maybe yes maybe no, maybe I don't know. Remember the first move, you see yesterday first move straight up in 1250 and sell. Today I would love to see first open price move down to white zone and then up smashing the red zone. 1230 - 1231 intraday become SUPER strong In last post I said bearish close price is in range of 1235.xx - 1237.xx. Below or above this price range is bullish close price. But watch the move on opening, if move is straight up to 1236.xx - 1237.xx be careful. My old good friend Obama is with me on this one, let's screw the Trump!
FX:XAUUSDLong
by TheZabisyu
9
GOLD / hard On this chart 1248 was intraday target that is reached. Next 3 are not. In this idea it is a follow up so we know is gold about to reach next 3 as well. Basically if gold opens and first move is up and touch 1249.5 - 1250 then I think it retrace to 1245. If gold is a bull then it is sensitive that it does not break 1245 level and retrace up from there. If gold break 1245 then it go 1242 and break of 42 lead to dump because gold if go down again then go much more than 1236 ( L today ) If gold open and first move is down right away to 1246 1245 area that is great bull sign and I think I add to buys there with confidence. I do think that 1250 will be taken out but it depends on first move behavior after opening.
FX:XAUUSDLong
by TheZabisyu
5
GOLD/ Bearish Frequency Rollover.Last week did not end up so productive for me, because I was very mixed with latest analysis. At one hand in whatsapp group I warned people about bullish accumulation as well make a chart pointing out 3 targets I had on radar, that gold successfuly reach: But somehow I missed the train myself because of some mistakes, and got beaten up by gold, in fight sports it is KO almost the same last weak edning for me on Gold, got KO ( lol ) Followers that follow me for longer time know what is Frequency rollover, so I will not go thru the same story again, the thing is that we could have one, and the one that we could have looks bearish. 1260 is alteration zone and I have sell entry at 1259.9 that gold execute successfuly last Friday. In other words rollover means we could have a DUMP a.k.a big red candle anywhere below 1260-1266, or like people like to say - bloodbath. And of course it always come unexpected. I have no idea when it can occur and from what level, all we can do is watch closely. Good Luck. P.S like I mention before 27th of February I am leaving this Ship ( tradingview ) so be good and trade with care my little bro! Last Friday Idea Vith V for Victory on Dollar Index! :)
FX:XAUUSDShort
by TheZabisyu
2
GOLD / something more than Just a Price.Last question before you decide to leave - please tell me what you study to trade so good on intraday basis, where can I learn the same.? Got this type of a question today a lot after saying that I dedicate my time to other things now so cannot be in TV anymore. So decided to make a last chart and give you a hint. First of all I am not a trader, because I have very poor knowledge about technical trading nor I have it about fundamental trading . So I don't consider myself to be a trader. Because I have no idea about how trend lines should be used, what is patterns, ABCD legs etc. I am mathematician and spent a lot of time to learn mathematics, and when I started to understand and learn mathematics on quant level I saw a lot of interesting things about fibonacci. I started to look at it in different way. All my trading calls and targets are set only using fibonacci absolute retracements . Then I invented a so called transitions, and Fibbs together with them drops a dynamite. The thing is that Drawing fibonacci from H to L or Vice Versa is not that good. It is working of course. But you can get a lot better retracements and targets by using it in absolute way not drawing from H to L or VV . You can get the point what I mean " Absolute way " only if you study quant maths, then you will see it. Things that you should learn: What is: Perpendicular Bisector Algebraic Sum formula Linear Factorization You can apply these 3 on Fibonacci tool and when you start to divide fibonacci numbers ( Yes you heard it right ) this is how you use fibbo in absolute way. But these 3 things above can help you more. To find Transitions on chart study about: Binomial distribution You know me saying BL12 BL4 - these are transition types. Each have their own nuances. BL = Binomial Line. Once you have that all, you will see the chart in different light! I am sure about that. I tried to apply this knowledge on long term trading calls, failed hard, maybe some day I get the right formula for that and the right pivotal sentiments. But on the other hand, why should I. And a quick insight of what to expect on gold. 1230 is a must. 1223 is a probability. If gold opens and first move after opening is down to 1230 right away, this could be a bull and not good for sells. If gold opens and first move is up to 1235 without reaching 1230, I would be glad to seel for targets 1230 > 1223. Either way looking for 1223 to be tagged. So, good luck and all the best.
FX:XAUUSDShort
by TheZabisyu
13