pixi

Another setup for gold

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pixi Uppdaterad   
FX:XAUUSD   Guld / USA-dollar
Hi,
With some volatility before and after Japan election on next sunday, i'm expecting large movement on Gold (highly correlated with yen)
All patterns are on chart.

I added long on 0.618 retracement with confluence of inverted AB=CD pattern at $1277.
TP $1298 to reach the bearish trendline and to complete a bearish inverted AB=CD pattern.
Pullback to $1270 to complete a bullish gartley in order to confirm the low made in early october.
Then, start of CD leg to complete a bearish Bat and fill the gap opened in early september (PRZ between $1345/1350)

Below 126x, just forget ;)
Kommentera:
Short term bearish shark.
Took some profit.

Waiting retracement to $1282 for 5-0 and retest structure.
Kommentera:
$1282 has been reached.

From now, 2 options from my side to complete the gartley :
Today gold drops until $1270 and should open with an gap up on monday.
Else, gold reach $1298 until close and open with a gap down on monday to reach 1270$ to complete the gartley.

In both cases, i think 1270$ should be reached to push prices to the north.

Again, below $1260, just forget :)
Kommentera:
Entering PRZ.
Starting to add long.
SL Below X.

Kommentera:
Added long on Bullish Bat.
TP1 - Bear Gartley around $1287
Kommentera:
TP2 - Bear Crab at $1302 + Previous structure
Kommentera:
$1269 hitted.
AD leg with inner Bullish 3 drive.
Added last Long.
Kommentera:
Updated idea here :

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