Please click on the pinned charts to see how structure develops and how it CAN BE FORECASTED.


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When everybody was 100% sure that we are going to the Moon with gold and by the Brexit 1400$ will be gold's price today gold printed a key reversal candlestick. We turned down exactly from the The decline was 35$.

If the fundamental traders would have been right that gold is rising because of the Brexit why did we stop today? And we not just stopped but printed a strong reversal on heavy volume...

Gold was rising because of 2 reason:
1. There is a possibility that we printed an Intermediate cycle low on the 30th May. If that was the ICL I have to say it was a shallow "nothing" ICL. It's hard to imagine that gold - the most tricky commodity - is finishing the initial phase of its bull market this simple way. But it's not impossible. We have to be ready for this scenario.
2. Gold is not ready with the ICL and the banks have a decline plan for gold. For a real tough decline they will need all the retail traders and other traders to stop out in the panic selling. It's better to build a bulltrap for an ultimate decline.
Let's se what we have:
- We have a bearish engulfing candlestick on the daily chart after this candle the candlestick pattern traders are short.
- The swing traders will be short as soon as price breaks yesterday's low. This mission could be easily completed.
- Sentiment traders: The short term sentiment is very bullish. They are in.
- Chart pattern traders: for this we need to print a head and shoulders pattern on the hourly chart. If we have a pop up to 1285 in the following 4-5 hours the H&S is ready.
- Indicator traders: RSi left overbought, SlowStoch crossed and heading down, MACD wants to crossover.
So everything is ready. And finally we need a bulltrap at the top. We don't just have a bulltrap we have a bulltrap in the bulltrap. That's the recipe of a steep decline.

So we are heading down at least till the brexit. In the meanwhile the gold will be coupled with the dollar again.
Most of the traders will not understand what's happening. They will stay hoping in the bulltrap .

As I saw today's decline I'm quite sure that at least we will tag the red or the blue trendline around 1235-1240.
And there will come the question is the ICL in or not? Are we making a lower low with a panic selling or not?
Time will tell...

The Euro is still one of the main pairs on my trading radar as it has been all week. Although we've yet to reach the level where I have buying interest we have been able to take a few bearish day trades in anticipation.

(If you missed my rant yesterday on the USD Bulls and the game they played during the FOMC yesterday make sure you check out yesterday's Syndicate video. Very Sneaky!)

In today's day trading session I'll be looking for yet another bearish TCT opportunity in anticipation of us reaching our lower levels of structure support as there looks to be about a 40 pip range which is more than enough for the lower time frames.

Swing trading wise, I'm still looking to buy starting at our Green box, but not aggressively so I'll have to wait for price action to dictate my decision making as I watch it test that level.


Akil Stokes
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MY LONG TERM BULLISH GOLD FORECAST!

- The Red wedge line is a wedge from $1900 top to 1790 top (two previous top).
- $1360 is a strong resistance will probably hold at first test.
- I expect the next bear to be deep. up to $100 correction or 61% retracement.
- There is a small possibility that $1320-1325 is the top as well. We have to take this into account!

FOLLOW me & LIKE my idea for more cool trade ideas ;)

This is a simple analytic piece on Gold, Bonds and Bitcoin. After the Fed meeting yesterday, the market clearly decided the fears of low rates and weak dollar were justified, with a very dovish Fed, and gold and 10 year notes rallied (and quickly chinese buyers followed suit in BTC).

The interesting part is that gold has yet again broken the recent highs, which like we were discussing in the 'Key Hidden Levels' chatroom, might be warning us that there is a Megaphone type pattern unfolding here, contrary to popular belief that this is a consolidation before a giant uptrend starts in Gold.
The gap up in ZN1! is really remarkable here as well, it might give way to a very strong topping pattern soon.
BTC has hit a monthly resistance, but is currently above it. I'm waiting for the month to close to more precisely determine when to short it (if at all). For now you could maybe trade shorter term long setups in it, although it might be dangerous in this climate.

The bottomline is, that for gold and 10 year notes to top, we needed mass hysteria to reach the boiling point and I think this might be it. We'll need confirmation to enter shorts, but if you're long, look to trail your stop or get out, that's my personal reccomendation. The same is true for BTC longs.
I'll update the chart once we get a good short setup in either of these instruments.

Cheers,

Ivan Labrie.

Plan is based on Clone levels. Last night got the complete move from 1311 to 1278 on short. Now i am looking to long this n watch near 1290 level for more further up.

Below 1276 is short and above it is a long for. Clone levels n possible directions on chart by means of an arrow.

Please trade accordingly.

for any questions, please leave a message or a comment below...

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A very interesting trade on the daily TF..

Buy now (try to get the best deal possible .. Stop just below the 'CL T1 is the KS, T2 is previous highs

Note: Do not take this trade if you can not handle a daily stop loss

Good luck

111420.(+25)

Smart people going to compete to take profits around $1,000. Only fomoers left at that point. Downtrend until $680-$700 area where first wave of people arguably sold. Thats when they start to get back in, and the cycle starts over. Going to challenge and most likely take out the previous ATH, because of the rally, which is going to happen while supply of BTC is only 12.5 per block. That combined with SegWit and possible announcement of a hardfork to increase blocksize limit. will make Q4 of 2016 very, very interesting for BTC holders.

Update: Went long on this pair (see related ideas), pair is near breaking resistance so if missed last opportunity you might get a new one. Hope you have a tested trading plan or strategy so you can trade this move with me when it starts

For more information in joining my professional signals group or professional online trading tuition, Message me directly on Trading view or email me with the email address on my Trading view profile page

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Taking a short after a nice pinbar coming from 0.786 area.

Expanding Triangle

See previous explanations. This pair is finding a floor here in the 1250 area for the long to 2200. Frankly, I feel it is better to buy the physical than the leveraged asset. I have been trading gold stocks since June 1, and I've been in multiple contracts on gold futures since Friday with excellent easy stress-free trades. This is the lift off point for gold. Look at AG (silver) Look at FFMGF, Comex August Futures (still riding and has potential for several months) and of course the FX pair shown here. Cheers and have a safe Brexit. I sure hope to!

NZDUSD appears to have be rejected by its channel resistance, creating a lower high after after that rejection.

I've entered the trade as shown with a small position to risk less than 2% with the 117.7 pip SL.

My target is just above the channel support.

R:R of position shown: 3.66

The commodity looks like it's back to business after several days in a corrective structure which is likely to be broken to the upside giving a nice opportunity to go long.

IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.

Major resistance - $1315 (200 day MA)

It is good to buy above $1315 with SL around $1300 for the TP of $1335/$1350

PRICE ACTION TRADING.

STEP SIXTEEN
Find a supply and demand zone.

STEP SEVENTEEN

Find a PINBAR at demand or supply zone.

STEP EIGHTEEN

Add RSI 7 Close on your chart, and check if it is above or below 70,30 zone. ( Overbought or Oversold )

STEP NINETEEN

Check for round numbers 1000,1100,1200,1300,1400,1500

STEP TWENTY

Check the MACD indicator divergence.

PRACTICE,PRACTICE,PRACTICE AND PRACTICE

SEE YOU AT NEXT VOLUME !!


-NEW SIGNAL-
Type : Pending Order
Date : 16.6.2016
Time : 23:10 GMT+1
Technical : Daily pinbar on strong resistance/ supply zone with atr about 400 pips. Macd strong divergence. Rsi get a momentum. H1 strong uptrend trend line broken. Pinbar on RN- round number 1300.
Pair : XAUUSD
Timeframe : DAILY
Trade setup : SHORT
Entry at : 1275.75
Take profit 1 : 1.200 ( 760 pips )
Take profit 2 : /
Take profit 3 : /
Stop loss : 1317.52 ( 400 pips )
Risk reward :
TP1 – 1.9:1
Our risk :
- Deep retrace entry on a PA bar = 1.5% risk