Gold continued..........false break out to 1830 and now back to retest $1800.......all in last 6 hours price fails to make a higher high and now maybe a lower low?

 My advice is watch out for non farm payrolls tomorrow 5th August 2021 ! breaks up or down

Gold continued............its not magic just 30+ years of watching the screen/price charts

 https://medianlinetrader.blogspot.com/2021/07/gold-continuedsimples.html

Gold continued... perfect example of reaction line ( and duel line location)

 

Gold continued................Simples!

 Simple study with one pitchfork and reaction lines and one sliding parallel. stunning entry! Now we must also understand line co location. The position of the reaction line in the daily chart shows it is not in immediate contact with price action but if you drop down to the 4 hour chart you see a perfect correlation with price and the recent fall after the centre line was pierced. I expect a break upwards but we may yet fail on first attempt and see price retouch supporting lines ( LMLP 1784 and SP 1756) before bouncing. REMEMBER: once you have chosen your 3 pivots for the ML (Andrews pitchfork) and add the custom indicator all other lines ( reaction lines and warning lines and sliding parallels etc) are all drawn automatically and you cannot move them manually.

Gold

 

Tuesday, 11 May 2021 Trouble in Paradise........... price action confirms high probability of equity market reversal point...... continued

 I have been watching closely since May ( see previous posts) and today Friday 18 June we are seeing major option and futures expiry. The markets are turning over and heading south. Have a look at these charts. 

DOW STUDY

 Other equity futures and gold.

Trouble in Paradise........... price action confirms high probability of equity market reversal point...... continued

 same median lines as in previous posts but with small adjustment in the emini Dow top pivot ( see previous posts)

Trouble in Paradise........... price action confirms high probability of equity market reversal point

 

Trouble in paradise continued continued

 Gold making its way up to test 1800

all above are from yesterday 3rd May 2021

Below are today's confirming charts showing price action- same Median Lines/Pitchforks and reaction lines as i drew on charts weeks ago. Look at price action against the lines! Todays move confirms our trade entry. Look at the "waterfall" stochastics ribbons in the daily ESM1 chart and also the MACD showing lower high against price making painful higher highs at the end of last week.

The Non Farm Payrolls for April are out on Friday May 7th! That's in 3 days. Looking to see price rally tomorrow and then dump down Thursday & Friday. Our objective is the centre lines seen in previous posts with same heading ( Trouble in paradise) and the big gap 4015-4020 ESM1.

Trouble in paradise continued........ equity markets topping out at ESM21 4200, YMm21 34000 and NQ 14000

 

Trouble in Paradise ? Equity markets look ready to correct........continued