Totka used in Idea is called Reverse Fibonacci
Using the previous leg & measuring its 138.2% gave us the top 11117 - can we get the top again at 11320- no confirmation yet so only risky traders to take sell in 11300-11320
Note - Going above 11320 ( Sell call is negated - close all sell positions & out)
Trading Strategy
Plan A - Sell below 11265 on closing...
As per the previous updates on the blog & other social media that Gold will soon HIT $1285. Today trading at $1285, So further in this week. If closes below $1275 Then the further move will towards $1257 & $1244. So, For Bears Today is a Good day to book there shorts with $60 points & sit relax for a new entry. For Bulls they can put the stop loss of closing...
Gold Update:
Hello Everyone,
Gold is moving in the range as defined in the previous posts which you can see on my blog marketfightersequity.blogspot.in . So the bulls & bears all are silent now because of the monthly closing is on the way.
If you are holding shorts then keep same stop loss of closing above $1372. For Bears, day closing below $1322 will be a...
Hea rain Strategy is one of the strategies used by ancient Japanese traders to trade rice, Unfortunately their is not much of information available about it in public domain.
Copper if sustains over the Golden line will remain bullish to rest the targets marked with green lines and somewhere in 2019 it will hit a new multi year high.
Dm me if you want to learn or...
Gold have been holding on to the bullish structure it formed in last week of January and a breakout from here will lead to another rally from current levels.
Pardon me for a messy looking chart but you can use it to learn how i have been trading gold moves since August 2018.
Dont for get to like and follow me.
Do check my profile to post any questions.
All the best!
Credit Cycles and Keynesian Economics : Passive Investing
The boom bust cycles need a safe haven . Indexes track micro economic transactions and the market trading on such transactions are prone to distortions of dominant traders and weak regulators . Gold becomes a hedge against the FED-Wall St nexus.
This pattern doesn't exist in Neo economies as much. Tech...
Hello Traders & Investors,!!
Here i m Sharing my #GOLD #Xaususd Prediction about
Long Gold for Investment view and short Term to Mid term Trading Idea
Gold Break all resistance today and Trading now $1298
Holding Major Support Constantly $1275
Now we Can Enter long If close above $1300
Then 1st Target will be $1345---$1368
once close above $1368 we can reach...
Good consolidation seen on 4 Hourly Chart of Gold. Biased seem to be Bullish. Will have to wait till breakout before initiating another long trade. If we do see breakout, the price might head till 1315 levels. Right now Patience is the key.
Start of 2018, I had picked out Gold as the asset class of the year. Then Had a choice between Gold, Equities, OIL and then booming BTC to pick from. While Gold hasnt delivered it has emerged as the best performing asset class of 2018.
Coming to 2019- it looks like Gold is in a larger consolidation theme, ranging back to 2013 onwards. There seems to be not much of...
Trading Strategy
Plan A
Resistance in 1275-185 - Look for pull back zone 1250-1255 $ Range
Plan B
Once 1250-1255 $ Range Holds then look for Buying opportunity for 1275-1285 $ Range back
Plan C
Moving above 1285 $ mark & holding above 1285 -look for upside target 1300 $
Plan D
Moving above & holding above 1300 $ mark -look for 1350-1375 $ target range which...
Silver spot near breaking of resistance 14.80 can rise till 14.90 and above 15 also possible .
After long time consolidation takes place in silver and now it signaling breakout and taking support around 14.40
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