If I need some kind of confirmation, I use the Standard Alligator Setting. Basically, I turn it On or Off. It is what I will call Lazy Analysis. On its way up, I am tempted to SHORT but I don't want to. I am waiting and waiting. This is just a test since the momentum is more on the upside but I decided to check the Comex chart and it is showing something - like a peak. Also, I don't really like what happened earlier near 1750 when it went down all the way to Yesterday's High as shown in the 15 Minute Chart. Don't take the risk as I did because there in a very few minutes, it can hit your Stop Losses especially at the Close or at the Open only to find out afterwards that you were right in your analysis.
I shorted Gold at 1734 and 1730 but it almost hit 1740 so I did not follow the Alligator cross over. Anyway, I plan to hold my 1 micro lot for Giggles. :)
I shorted Gold at 1734 and 1730 but it almost hit 1740 so I did not follow the Alligator cross over. Anyway, I plan to hold my 1 micro lot for Giggles. :)