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- de5151 replied Apr 13, 2024
Besides potential escalation of war in the Middle East which will probably drive Gold up... Gold almost always attempts to fill a wick, so I'm thinking an attempt will be made on last week's weekly wick (so more up movement). Gold challenged a 40 yr ...
- de5151 replied Nov 5, 2023
Net long positions by the big boys continue to increase week by week. image With the dollar starting to weaken, and the current world situation, maybe Gold will take off upward this week?
- de5151 replied Oct 27, 2023
We're at a confluence of resistance here. We should be going down. image
- de5151 replied Aug 27, 2023
Just to update on COT data... The pullback this week was technically needed and allows for the big boys to add even more shorts. They have been steadily adding shorts and getting rid of longs for a while now. My view is still for another big move ...
- de5151 replied Aug 18, 2023
The big boys are still loading up on shorts. Looks like we will be going down much more. (this screen shot comes from a private membership site for those who wanted to know.) image
- de5151 replied Aug 13, 2023
Ok, I changed my mind after more analysis. The DXY does look like it will take off (up), thus bringing Gold down. Also, seeing the recent COT (Commitment of Traders) data, the big boys are loading up on shorts and dumping longs. This all points to ...
- de5151 replied Aug 12, 2023
I'm going to disagree with most people here. I think we are set up for a big up move. Thursday's and Friday's daily pin bars are in a bullish form (I consider them inverted hammers). I think we are going up. image
- de5151 replied Jul 8, 2023
Looks kind of like an inverse head and shoulders on the 4 hour. image Commitment of Traders released yesterday afternoon shows that most of the big boys are adding longs. image I think that once we break that neckline we will have a big up move.
- de5151 replied Apr 15, 2023
The rising wedge of gold, getting ready for the big down move. image
- de5151 replied Apr 1, 2023
Something to think about. The DXY has reclaimed an important level -- 102.50 and maybe a trendline break (depends where you draw it). There is still a gap for DXY to fill above and gold has that gap below around 1867. I think the DXY may be headed ...
- de5151 replied Apr 22, 2022
Perhaps using the zig-zag indicator would make it easier to identify the V (or W). This AUDUSD Daily as shown a few posts above is also a W. The zig-zag also makes it easier to see when the original high is broken. Enjoy your sell! image
- de5151 replied Oct 2, 2021
Trendline to keep an eye on. Here pictured on the 4 H. image
- de5151 replied Sep 12, 2021
I guess we would have to debate on the definition of big. But Gold "loves" to fill wicks -- big and small. Now many of these wicks were filled and then rejected again, but they were still filled at some point. image
- de5151 replied Sep 11, 2021
Most likely this month we will continue to fill in last month's wick, which Gold loves to do -- fill in wicks. image
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There are many good scalpers here and many that would like to become good scalpers. I do quite a ...
- de5151 replied Jan 17, 2021
Since the 1.36230 area on the daily has acted as resistance a number of times recently and then as support last Wed and Thurs that was broken on Friday, it seems it would be a good possibility that price will retest this area and be rejected down. ...
- de5151 replied Nov 23, 2020
Remember this monthly trend line that has been around since 2007. image
- de5151 replied Nov 13, 2020
Maybe a double top forming. image
- de5151 replied Oct 19, 2020
I have an edge, my Ford Edge. image
- de5151 replied Oct 10, 2020
Case for more of this bull run this coming week. See weekly chart. image Weekly coming up off 50 Fibs. Above weekly 200 SMA. Weekly RSI over 50. Weekly Stochastic turning up. Just broke over and through weekly resistance. Still have a gap to fill ...