GOLD / Sell Setup

Nothing has changed based on the previous idea other than small nuances to look for.

Like stated Phase to Phase, timing is completely Gone.
I want to see Gold without touching 38.2 of the lower phase slowly go up, that would lead us to 61.8% higher ( you know the rules )
Watch the behavior, If we get slow climbing up, definitely expect a sharp move down, I think whether slow or fast, we will still get the down move.
I would either buy now and close the position around 1530 and start building sells, either be on the sidelines on the move up because We look for better trade, which is selling.
Also keep in mind, if we break 1534 - Previous High, even by a pip and then fall, don't look for big sell setups as that means we will make a new high again and most probably a transition cycling will take place again. If the sharp move comes below 1534 that is a different story.

Pretty much once again this should work like shown here:

Commentaire:

Also, those asking, when I shared the reversal template data with reference levels. I said you can make the phase bigger with the same rules. Most of you did not understand. So here it is you can see that Fibs from 23.6 to 76.4 cover 3 baselines and 50% is always the MID lining up with one of the baselines. Isn't that simple?
But you cannot go higher than that. You could go 6 baseline length on EURUSD or USDJPY for example, but for gold, the biggest length you can get is 3 without breaking the rules. On Silver, it's 5 and on Silver Fibs are not reversed but upside down compared to gold.

Commentaire:

***Fibs from 23.6 to 78.6 ***

Commentaire:

One can try buying Gold with Target 1530. Silver same story but a little bit different in some nuances.

Transaction en cours:

Let's try the Buy. Gold Opened Gold 1509.51

Transaction en cours:

Silver 17.108

Commentaire:

The target for Silver 17.433
Gold 1530

Commentaire:

I rarely use SENTIMENT as a call for buy + we went lower than 38.2 on opening, but I do think we could crawl our way up:
prnt.sc/ouco32

Commentaire:

Not sure about you but I'm still in the Gold buy and Sell, but the situation has changed. Chances that we get the move to 1530 are slim because of the first move down. The sharp move down should come but from a lower level.