GOLD - Straight Story

2017. July : Gold broke an important resistance of 1216$.
Before the panic selling could have started, Kim Jong Un's nuclear test and missile launch over Japan stopped the panic selling in gold.

Gold was forced into a shorter intermediate cycle that summer. The next intermediate cycle was extremely long. It lasted for 177 bars.
Our current intermediate cycle is on day 187 today. If we accept that the intermediate cycle haven't bottomed yet....

But I don't think so...
I think we are on day 2 of a new intermediate cycle and Kim Jong Un is a headline again. Trump just tweeted about how tariffs are going up from 10% to 25% on Friday.
The NAS100USD has dropped nearly 200 points at tonight's open.

Gold had 2 chances to start its panic selling during the last 2 weeks.
It didn't start though.

Notice how the RSI is printing the oversold zigzag what I laike to see at the intermediate bottoms.
Also the daily MACD has crossed over. I think we are finally ready.
Invictus gave an entry signal both miners and gold.
I think finally we are ready to launch.

1288 is the weekly swing level, above that the short squeeze is starting.

הערה:

We might get our breakout finally this week.

הערה:

While everybody is waiting for a lower low and a severe panic selling gold quietly breaking out.

הערה:

Nadty reversal from the trendline by the close:

הערה:

I still think this ugly red pinbar will be erased by friday close and we will break through the trendline next week.

הערה:

We might erase it today already.

הערה:

There will be an extreme rally if we break 1292. Everybody and his dog went short at the close of yesterday -based on the bearish pinbar.

הערה:

Better to fasten the seatbelts.

הערה:

Someone big is buying.

הערה:

New high.
Breakout from the double bottom.

הערה:

We are in the new intermediate cycle

הערה:

If you have some dry powder or if you missed this gold call you still can buy silver.

הערה:

I think it’s going to follow gold very soon.

הערה:

Flag breaking out.

הערה:

Bad timing in gold manipulation:

הערה:

The trendline and the breakout tested back yesterday.
Can we start finally ?

הערה:

Still holding the longs despite the frustrating whipsaws.
Yesterday’s green candle have a follow through:

הערה:

Let’s See if the unlimited seller comes back again today or not.

הערה:

On the other hand God might be signaling the bottom in the currency market:

הערה:

Higher high

העסקה בוטלה באופן ידני:

Invictus gave a sell signal.

הערה:

Closed at 1324,9

הערה:

I will buy the pullback if there will be.
After all we have nearly 50$ profit.

הערה:

I jumped out a day earlier..
I'm not in a big rush to load longs yet.

הערה:

We just tagged the upper trendline and turned down violently.
The risk is high that the daily close will be a
1. Inverted green hammer
2. Shooting star
3. inverted red hammer

הערה:

It seems we printed the daily cycle high today.