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Gold futures 15 min looks

Posted by johnny2012 on 21st of Sep 2020 at 02:04 pm

Gold futures 15 min looks to be running out of gas on this bounce off the lows. Kinda bear flaggish. Tiny dojis slowly working up. I took a short at 1914 but watching it close. If it surges up I can take my haircut and reverse. Just my opinion 

Gold futures. Nice reversal candle

Posted by johnny2012 on 21st of Sep 2020 at 10:50 am

Gold futures. Nice reversal candle off the bottom. Possible morning star pattern forming. Big volume on the reversal as well 

Update 2: met the measured move on the 4 hour chart I posted, and then some. Looking for a reversion to mean bounce, maybe tag the broken trend line and then be good for another short. I covered my short 

Update: right shoulder breaking down. Initial support around 1911 but measures to almost 1900. Below that as Steve/Matt  mentioned if we get a decisive downside break of the larger triangle pattern 

Also has a head and shoulder look to it.

Gold futures 5 min bear

Posted by johnny2012 on 18th of Sep 2020 at 02:32 pm

Gold futures 5 min bear flag. Good for about 8 points if it plays out 

Gdx not moving with the

Posted by johnny2012 on 18th of Sep 2020 at 11:38 am

Gdx not moving with the metal today. 

Hey guys. Just an idea

Posted by johnny2012 on 17th of Sep 2020 at 02:09 pm

Hey guys. Just an idea of what could be happening in gold futures. On the 4 hour time Frame could be in a right shoulder formation of a head and shoulder with that double top as the head and measures down to close to 1900. I play long and short so just stay on your toes.  Move down today doesn't look positive for bulls. And the right shoulder could fail and go down from here or move up a bit around 1965 and then fail if it's a h/s set up. Could also pop and head to New highs though. If it does I reverse position and take the momentum trade. Just an observation. Trade your plan. 

Breaking down now. 

Gold futures. 30min chart Multiple

Posted by johnny2012 on 10th of Sep 2020 at 10:19 pm

Gold futures. 30min chart Multiple touches on this trend line that has formed. Watch for a possible break..

Seems like a bear flag

Posted by johnny2012 on 10th of Sep 2020 at 11:42 am

Seems like a bear flag on the 5 min gold futures. Objective short area. This is short term. Big volume on the drop and decreasing volume on the bounce as well. 

Still valid looking bear flag.

Posted by johnny2012 on 8th of Sep 2020 at 06:08 pm

Still valid looking bear flag. Acting weak. 

Gold futures. 15 min.. Nice

Posted by johnny2012 on 8th of Sep 2020 at 03:49 pm

Gold futures. 15 min.. Nice pull back from the top channel line area and now looks like a bear flag. Measures down to around 1928 if it plays out. 

Gold futures in a channel.

Posted by johnny2012 on 8th of Sep 2020 at 12:47 pm

Gold futures in a channel. From the morning lows to the recent high tagged the top channel line. Momentum has slowed a bit and may be an objective area for a short. Could bust out of the channel as well so keep an eye on it. 

Yep. Getting left behind by

Wow.  INTC down over 17%.

Posted by johnny2012 on 24th of Jul 2020 at 09:56 am

Yep. Getting left behind by the competition. They need to step up their game. 

Man nasdaq is whippy today.

Posted by johnny2012 on 15th of Jul 2020 at 10:59 am

Man nasdaq is whippy today. 30 40 point moves quick like 

Broke through that neckline around 3130. Continue to monitor. 

/pa

PALL nice move

Posted by johnny2012 on 9th of Jul 2020 at 10:51 am

/pa

Possibility for es futures. 60

Posted by johnny2012 on 8th of Jul 2020 at 07:22 pm

Possibility for es futures. 60 min chart 

Slight higher high with negative

Posted by johnny2012 on 1st of Jul 2020 at 03:59 pm

Slight higher high with negative divergence on 4hr and daily. Looks like a double top. Nasdaq futures 

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