Gold 10-14 April 2017 - Correction
This should be the right chart
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Watch PA around 46-47...
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46-47 is not tested yet. And PA has rejected 56 (weekly Pivot) Stay neutral and wait for good entry.
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1H looks supported at 54. This is not an ideal place to take position. If you must, you can take small longs here SL below 45.
Trade ist aktiv:
My main chunk of long orders still around 47 but I am not sure if we are going there again when we just closely missed yesterday.
Long entry at 54 and order at above 57 is point of interest.
My main chunk of long orders still around 47 but I am not sure if we are going there again when we just closely missed yesterday.
Long entry at 54 and order at above 57 is point of interest.
Trade ist aktiv:
2nd Long loaded
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Breaking up 1260 (monthly R1) and it will be a good support. Let's see.
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Taken some profit herr at 63. Is the top range of the slope. (orange line). We can reload more longs on rebound or break up.
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News in 25 mins. Get ready to reload long at 62-63 area or 60. Watch the PA.
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We might not get the correction. IF bad news, just load long above 67. and all SL shifted to 57. IF good news, wait for some PA and reload the the mentioned price level above.
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I have indicated several long locations with green boxes. And dont forget to add more long above the R1 (1267 area)
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First green arrow (63) reached..
Second green arrow (72) should be achievable soon. Dont forget to take profit at stages and shift up your SL.
Second green arrow (72) should be achievable soon. Dont forget to take profit at stages and shift up your SL.
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Added 3rd long. 15 mins trading above R1 cleanly.
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Second arrow (72) reached! Take some profit.
Watch this area if break up, use it as launchpad to reload long.. If it slides down, prepare to load at 67.
Watch this area if break up, use it as launchpad to reload long.. If it slides down, prepare to load at 67.
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Loaded 3rd long at 77 area when PA shows it is supported. Now all SL should be below 68 or to be safe, 64.
Remember we are only at the middle of the week. I personally feel this move is too fast. Either it will break 85 by end of the week, or 85 will be a heavy rejection point. Take note of this!
Loaded 3rd long at 77 area when PA shows it is supported. Now all SL should be below 68 or to be safe, 64.
Remember we are only at the middle of the week. I personally feel this move is too fast. Either it will break 85 by end of the week, or 85 will be a heavy rejection point. Take note of this!
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Third arrow reached! (76) . Waiting for final TP at forth arrow at 82.
All 3 out of 4 TPs are reached. Week is still young.
All 3 out of 4 TPs are reached. Week is still young.
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Watch the Final target of this week and potential reloading area. Close everything on the final flag (4th arrow). Let the market decide to continue heading up or pullback.
Watch the Final target of this week and potential reloading area. Close everything on the final flag (4th arrow). Let the market decide to continue heading up or pullback.
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We are at R2 now (yellow line) You can take a bit of profit here and watch for 80. For those not risk taker, you can close all here.
If you want to try higher, wait for 80 then 83. Cheers..
If you want to try higher, wait for 80 then 83. Cheers..
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Those who are still on, put remaining SL at 73. Protect your profit. Pullback can go lower, although I doubt it will hit our SL.
Trade wurde manuell geschlossen:
4H candle close is not supporting for more bullish move. I decide to close all now.
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I apologize.. If we stay on the trade.. We even hit the final goal.. Congrats those who stayed on.. (if any)
