I agree with your assessment on Gold more specifically that volatility will pick up at some point later during the summer and perhaps even as late as in early fall. The main reason we are currently seeing such low volatility is because Gold is ...

Ollio's Gold - Supply and Demand

The link to the Live Commentary will be posted at 12:15 EST (UTC-5:00). You are most welcome to join.

Ollio's Gold - Supply and Demand

The fact that you're no longer looking at charts (maybe still just peeking at them every once in a while - they say old habits die hard ) will certainly contribute to accelerate your understanding of the FIA. As for reading the FIA, it does ...

Ollio's Gold - Supply and Demand

Be careful, the Week is telling you that the market is Bullish above 102.607. On the Day, the market is in the Passive Consolidation Zone and could move up as high as the Short Level @102.94 or even the Supply Level @103.114. You must complete your ...

Ollio's Gold - Supply and Demand

Wednesday June 4, 2014 ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------- Ollio's Live Commentary - Gold, Crude Oil, GBPCHF, USDJPY Starts : 13:15 EST ...

Ollio's Gold - Supply and Demand

Not at all. In fact, I was referring to the different market states the application will identify and report.

Ollio's Gold - Supply and Demand

Cool.

Ollio's Gold - Supply and Demand

As far as I know, the market could be Bullish, Bearish, in Consolidation (simultaneously Bullish and Bearish) or Neutral (neither Bullish nor Bearish). Hope this helps ...

Ollio's Gold - Supply and Demand

As long as it's water ... all is good.

Ollio's Gold - Supply and Demand

Welcome ... no problem.

Ollio's Gold - Supply and Demand

Agree. However, as indicated on the 1 Hour timeframe, traders were still willing to go Long as low as @1240.27 (see Chart on post #517 above).

Ollio's Gold - Supply and Demand

Agree.

Ollio's Gold - Supply and Demand

Or that the market may remain in a choppy mode for a while. Notice that we now have an Active Consolidation Zone as the market is simultaneously Bearish below 1242.31 on the 30 Min and Bullish above 1241.05 on the 1 Hour which translates into a ...

Ollio's Gold - Supply and Demand

See Chart #5 above for technical levels. Careful choppy market ahead. Retracement Levels on 4 Hour, 8 Hour and Day timeframes are at around 1243.00. Below are the technical levels on the 30 Min, 1 Hour and 2 Hour timeframes.

Ollio's Gold - Supply and Demand

Notice that we have a level of residual Demand @1242.19 on the 4 Hour timeframe (see Chart #4 above) which the Suppliers, so far, have failed to breach.

Ollio's Gold - Supply and Demand

Excellent !! Don't forget that should the market reach the Long level @1231.57 on the Week, the application tells us that we should expect the market to resume Long from there. Technically for us, that means we are expecting the Day to turn Bullish ...

Ollio's Gold - Supply and Demand

Excellent reasoning (i.e. Entry, Stop Loss and Take Profit). Most importantly, your observation that the RR for this trade is not sufficient to warrant en entry. We now need to see the market breach through the Demand levels on the 4 Hour and 8 Hour ...

Ollio's Gold - Supply and Demand

Great plan. Before we attempt to enter the market, we must: (1) wait for the application to report market Direction/Pressure on both the 4 Hour and 8 Hour timeframes, (2) wait for the application to report Supply and Demand levels on both the 4 Hour ...

Ollio's Gold - Supply and Demand

Correct, these indicators show who is in control of the market. More importantly though, they are used to perform other types of calculations and validations with respect to various trading strategies. These other calculations and validations are ...

Ollio's Gold - Supply and Demand

The indicators between the Supply and Demand levels indicate the percentages of the market gap as follows: (1) Blue Indicator: indicates percentage of market gap which has been FILLED by Buyers, (2) Pinkish Red Indicator: indicates percentage of ...

Ollio's Gold - Supply and Demand