So nice to see you here, Julexo. Although I arrived late to the party, I'm missing the old Redsword army of traders. My reading on EU: We have just reacted to an important Resistance (Monthly view): image And we came from last week from reaction ...

PA by Julexo

Hi Maria, as price has just touch 2690.95 and reversed at minute 06 of last hour I suppose you have canceled the setup (I see you have canceled). Very high precision of your analysis when reading 2691 as target. Although your setup could work, I ...

Gold

Thank you for taking the time for answering. It's possible the configuration of the timezone what is giving this discrepancy. I'm looking at it.

Gold

Thank you, Elliottway. When you say that the Friday 4-hour candle hasn't closed yet, do you mean that how the current candle will close in relation to the 4-hour candle of friday will give us the information to know what is the market wanting to do? ...

Gold

How do you read what is happening right now? Comparing the current bullish reaction with the reaction on the same price on friday it has much less strength. But then, why do you think is being price capped at 2614? Is being loading shorts to make an ...

Gold

Team bears here

Gold

My long term view of gold is that we have been from march on a parabolic move upwards. image image This december we have seen a huge sell off, even with news of the possibility of an increase of the war situation, something that apparently ...

Gold

I think in a bull trap as a breakout of a level that it is turn down immediately after, so a lot of breakout traders enter the market, but then the market goes against them, making them exit with a lose. If it is an intentional trap or just some ...

Gold

Now it seems is a bull/bear trap, so I think movement keeps going. image

Gold

That can happen. Splke up to trap buyers, and then sell off. Maybe first small move down to trap also sellers before the move up to trap buyers. So both are stopped out, and then move accelerates downward, and then those stopped out reenter feeding ...

Gold

There has been a lot of bull strength on the movement up from 2633. Interestingly that is the exact point where market closed two weeks ago and then opened with a huge gap up. While the current movement keeps below the trendline down, I maintain my ...

Gold

Although move down is losing momentum, I'd consider this more a speed bump, expecting today and tomorrow news to fuel the movement down. image

Gold

If we keep heading south I will consider as first target the opening gap of one month ago, 2576, and next target the origin of that movement on 2530. 2600, I'm not sure will hold for more time, but I'd look for reactions there.

Gold

What happened last week shows for me bearish outlook, as it was a important rejection. It could also be forming a triangle, indicating uncertainty. image In the very short term, I'm bearish. The last two rejections of the 2664.50 could indicate ...

Gold

Seems interesting the correlation with silver. In daily it's forming a clearer head and shoulders with lower low in the bottom of the head. Today has drop from the top of the second shoulder at 32.250 and is now stopped at the 30.88 support, as gold ...

Gold

I think it can break 2675. If it does, I will be very bearish. image

Gold

Three more. Last one a short.

B.S. Trading with Kenneth Lee

Thanks AC, no problem with the chart. Use them when you want. Yeah, very interesting what you explained! I tried to find some other occurrences of the pattern. I found something similar looking the audusd. They're examples from 2003 and 2007, but ...

B.S. Trading with Kenneth Lee

Some reflections on the Porkpie post — Thank you very much, Porkpie. I can see it now. I will work on this. Interesting and fundamental the idea of knowing where we are in the higher time frame supply and demand curve. It makes me think that ...

B.S. Trading with Kenneth Lee

Well done, Rees. It seems that today is a day for longs. image

B.S. Trading with Kenneth Lee