Gold

watching for signal 1898.70 signal / breakout for 1st earliest confirmation 1897.62. test short taken ! now earliest signal 1899.13!

breakout & broken 1899.13.
first earliest signal 1898.70 broken, 2nd signal 98.28 also broken , then waiting enter and hold range below 1898.44 (done ) and 1st confirmation 1897.62! after 1srt confirmation to set sl at 'be' and forget

I've made my 9% so I'm out for the time being. I can see a move down to 1890 to take out the people who are a little too eager, or perhaps even a new low to take out the triple bottom at 1885 although I'm not sure how likely that is.

The Average Directional Index (ADX) is a technical indicator used to assess the strength and direction of a trend in a financial market. It was developed by J. Welles Wilder and is commonly used in technical analysis.

The ADX is calculated based on the changes in price over a specified period, typically 14 periods. Here is the step-by-step process to calculate ADX:

1. Calculate the True Range (TR) for each period. The True Range is the greatest of the following three values:
a. High minus Low
b. High minus the previous Close
c. Low minus the previous Close

2. Calculate the Directional Movement (+DM) for each period. The +DM is calculated by taking the difference between the current High and the previous High. If this value is higher than the current Low minus the previous Low, it is used as the +DM. If not, +DM is zero.

3. Calculate the Directional Movement Index (+DI) for each period. +DI is derived by dividing the +DM by the Average True Range (ATR) and multiplying the result by 100.

4. Calculate the Negative Directional Movement (-DM) for each period. Similarly to +DM, -DM is the difference between the previous Low and the current Low if it is higher than the current High minus the previous High. Otherwise, -DM is zero.

5. Calculate the Negative Directional Indicator (-DI) for each period. -DI is obtained by dividing -DM by ATR and multiplying by 100.

6. Calculate the Average Directional Movement Index (ADX) by smoothing the difference between the +DI and -DI values. Wilder used the Wilder's Smoothing Method, which accounts for the previous ADX value and the current +DI and -DI values.

The ADX value ranges between 0 and 100. A higher ADX value indicates a stronger trend, while a lower value suggests a weak or indecisive market. Traders often use a threshold, such as ADX above 25, to determine if a trend is developing or not. ADX can also be used along with other indicators to generate buy or sell signals.

Wow, i wake up to see it breaks yesterdays high?

Yes of course, right now we have to wait for a while and let the market show us a clearer path to run. 1900 and 1902 seem to be major resistance to break, however, before breaking up it will break some traders to gain energy to boost up.

if able bounce to 1899.37/46 then another test short will open to see , can be normal trade also ok as will watck for 1 rst confirmation to test the limit 1896.41 and if breaks then more down !

Another higher high confirmed. Looks like we'll retest 1885 or 1886 before going back up again.

H1, stoch,

possible Wolfe wave pattern.., target - 1870th.., to come bellow 1896.74 to confirm
staying "in loss" for now (crude long helps a little bit)

bull strong try continues , though a tiny breakout but above limit 1896.41 , say 1896.80/1897 may restart strong bull leg ! so all to careful.
first good confirmation needed now for bear action at 1893.80

Going to look for one more blowout and then a short for 1902 -1903 area, even if this is genuinly bullish (I think this is just a recovery rally imo) I can't see it going into the 1910's..

And to think this is going uponly is naive, ny will want a good price so will drive it down regardless.

some crazy data may change this of course, but my overall view is still bearish, data and current world issues support dollar.


All just my opinion.

Im shorting one temporarily. Seems price action is still kind of bullish. Cutting off at 1901.87

Still dp 1892.59 not touched,now price at dr1 1900.5
Adr high 1908.25

Trade safe

DP and DR1....
abbreviation for?

May be a bull trap. Beware.

Price in my selling area...h1 broke dr1...1906.6 dr2...
This week we will reach 1870...
Trade safe

1903 is the top of the rejection disvalue zone. Critical price. Price may struggle to break it. If price does we could see some more upward movement. If not it may resume downtrend

Looks likely a bull trap, 85-88 still in play. TP at 85.50 will monitor and close.