My original short position from 125+ is in loss. I didn't close it because I wanted to see what's happening at the triangle's upper .
The most important thing needs to be monitored that gold is coupled with the dollar. When the dollar is falling gold is bouncing when the dollar bouncing gold is falling. Especially true when stocks are breaking to new highs at uncharted territory. And the dollar still has a meeting with its daily cycle low and maybe the intermediate cycle low...
While these lows are not completed I don't want to close my shorts.
As of today we are turning down from the triangle's upper . Gold is in the triangle consolidation and cycles are not working in these circumstances. You can count the days and weeks but at the end of the day/week/month the triangle screws the cycle.
We have a nice divergence in on the also.
I'm still waiting for the tag of the lower .
SHORT follow through, but also a good short entry.
The triangle in full size.
Getting late in this daily cycle. We broke out of the triangle and we had 2 nothing days. After 4 tags - and 2 almost tag - of the triangle trendline we had one false breakout.
Easily. If that is the case and bullion banks got the memo Trump is done with the dollar weakening for this summer and the dollar is ready to bounce they will attack gold tonight or tomorrow night to push it back into the triangle.
We are back again.
First link: Monthly - my post Jul 31
Second link Weekly - now as an alternative to the BIG PIC Monthly
I apologize for the inhuman nature of Chartwatchers. If you read these lines, I will tell you that I am very grateful to you for your great postings and have made good profit last week. The whole loss I made with Chartwatcher's wrong analyzes, I've now caught up again thanks to you.
Please report where you want to post. I really appreciate your analyzes because they always go a step ahead of the market. That's why I'd like to follow you. Thank you very much!
This is not that. He is posting monthly charts. Most of the traders here can't wait out 2 weeks with a position. And I think he is one of them.
Anyone can make screenshots and post 2-3 weeks later under other's post: I predicted well. He never posted even one ida on TV...
But you Neverknow.