Gold - Fibonacci Cheat Sheet

2020년 8월 5일

Gold played out exactly as planned and squeezed up to the 0.618 Fib Extension around $2,070 taking out all the short sellers with little to no resistance.

Although I am still long GLD, GDX, SLV, I've closed out my Futures positions for $2,154.50 profit and will wait for a better swing trade setup (entries/exits linked below).

Setups:
1. Continue squeezing up from here. Buy on daily close above 0.618 fib @ $2,070.
2. Chop sideways between $2,000 and $2,070 before moving up.
3. Dip lower and find support. Lot's of chop before a swing higher.

2020년 8월 6일

액티브 트레이드

Monthly chart logarithmic scale shows no signs of stopping so rather than waiting, I'm opening a long position now and will add on dips.

+1 @ $2,057.20

2020년 8월 6일

노트

Daily close above the 0.618 fib extension with little to no resistance. This could be big. As prices start to go parabolic many traders that are expecting a pullback might be disappointed. Someone's buying with both hands it seems.

2020년 8월 7일

노트

I lied. DXY double bottom?

-1 @ $2,076.30

Profit: $191

2020년 8월 7일

액티브 트레이드

Bought it back at a discount.

+1 @ $2,046.60

2020년 8월 11일

노트

Looks like setup #3 is playing out so I'll wait a couple days to add to this position.

Usually after a big sell off there is 1 more smaller dip lower to scare the new dip buyers into selling.

Watching these levels for a bounce: $1,938 and $1,904

2020년 8월 12일

노트

B R U T A L

2020년 8월 12일

노트

I think DXY will make one more attempt to 94 before rolling over. So I'm anticipating Gold and Oil to inversely react and sell off before running up.

2020년 8월 19일

노트

The sell off on DXY is on it's 3rd leg down which is usually the last before a relief rally. This would push Gold back down if it plays out which is why I'm not adding just yet. It could get pretty violent.

2020년 8월 25일

액티브 트레이드

Adding to position here.
+1 @ $1927.80

Cost basis: +2 @ $1987.20

2020년 9월 23일

거래청산: 스탑 닿음

Carnage today.

Stopped out $1877.9 and $1872.5

Loss: $2,240