GOLD - Long entry on the 4 hours chart

29 Nis 2019

I don't want to go into this before we get a daily signal for a long trade but I want to give a chance on the smaller time frame for a long entry.

The idea is simple : if the intermediate cycle bottomed last week Tuesday at 1266 $ than today's drop is just the back test of neck line.
If we close in the green the daily chart will also give us a signal for a long entry but if we do it here the entry point will be much better.

If we have a green daily candle again I will explain why I think Thursday's bottom is a long term bottom.
Stop goes to 1273.9

30 Nis 2019

Not

It seems we entered the exact bottom yesterday .

30 Nis 2019

Not

Before anyone would start to take profits on the street I would like to warn you that this might be the beginning of A multi month Rally.

30 Nis 2019

Not

Street=trade

30 Nis 2019

Not

If you are in a long position with to me I suggest you to wait for the daily update I’m going to post an idea based on the daily chart later today.

30 Nis 2019

Not

The chance is high we are going to see gold prices above 1400 this year.

1 May 2019

Not

A trend changing cup and handle evolving on the 8hrs chart

1 May 2019

Not

Fed leaves rates unchanged.
The pattern is breaking out.fingers crossed. Hopefully Powell doesn’t talk it down.

2 May 2019

İşlem kapandı: durdurma seviyesi

Our stop was hit yesterday.
It will be pretty hard to re-enter if it’s a double bottom with a short squeeze...

2 May 2019

Not