According to price action analysis, Gold has a chance of forming a secondary reaction from bullish harmonic pattern
ab=cd. Ideally, this will confirm that the increase in gold is limited and Gold will ready to continue decreasing to harmonic
support.
Astronacci sees that gold still in bullish trend. It means this decreasing is limited and the bullish trend will continue.
Figure 1: Gold Daily Chart Source: Astronacci
Figure 1 above, tells us that the chance for gold increasing will continue until it meets the harmonic resistance area at
1,310. Buy on weakness will be your main trading setup until the upside target match. However, if the price breakdown the
support, you must reverse your trading with sell option until next harmonic support at 1,270
GEMA GOEYARDI, CAT®, CFTe, MFTA, CWM®, CSA, CTA, CFI, CFII, IGI
Chief Investment Strategist
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FUTURES MARKET STORY
8 March 2019
Figure 2: Gold H4 Chart Source: Astronacci
Figure 2 tells us the price action of Gold at the H4 time frame. It shows that Gold has the opportunity to form the X-A-B
pattern. Also, there is a bullish convergence momentum, it confirms that Gold will ideally continue increasing to the next
harmonic resistance area. Please find the entry when a bullish pattern formed in the minor time frame.
Position Trader – Swing Trader
• For trading during NFP announcement we suggest you ready for wide range trading between 150 - 250 pips for
stop loss and 250 pips for the profit target
• Beware during NFP announcement, the volatility will extreme. The risk will very high during NFP
• Scalping during NFP announcement doesn’t suggest.
• The higher probability for Gold is increasing to continue the primary trend.
➢ These are the probability scenario at gold:
1. You can continue to buy trading to 1,322.
2. Please see the alternative plan if Gold fail to hike to the next resistance
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FUTURES MARKET STORY
8 March 2019
Figure 3: Gold H4 Chart Source: Astronacci
Figure 3 tells us the price action of Gold at the H4 time frame for alternative plan. It shows that gold will continue the short
term bearish. Gold will be confirmed to continue decreasing when breaking the minor support area at 1,279. Please
reverse to sell until the price meets the downside target.
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FUTURES MARKET STORY
8 March 2019
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Trading Positions
• BUY Stop : Buy order above specified price.
• SELL Stop : Sell order below specified price
• Stop Loss BUY : Closing buy position with SELL stop order to prevent further losses.
• Stop Loss SELL : Closing sell position with buy stop order to prevent further losses.
• Break Even S/L : Stop Loss order with a point above buy price or below sell price.
• Take Profit : Closing position in a profitable condition.
• Trailing Stop : Stop Loss order adjustment to ensure profitable position.
• Average Up : Adding more position as price moves toward the desired direction.
• Average Down : Adding more position as price moves toward opposite of the desired direction.
Money Management
• Margin Call : A position that you need to top up your capital or auto cut will be executed.
• 30% budget : Buying with maximum limit 30% of slot.
• 50% budget : Buying with maximum limit 50% of slot.
• Leverage : Buying activity that is accompanied with the usage of margin facility served by brokerage firm.
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