Retracement or strong bullish move

Hi,
A little update since my previous post on mid-december

Targets remain almost the same.
I'm long at $1123.8 and closed $1127 long at $1160.

UsDollar shows some weakness in this early new year, the trump effect is over.
That's why i think gold could retrace to $1255/1260 which is the next target for the butterfly pattern still in play and the gann target from $1123.

That's said, Gold is facing the first target of its bullish pattern (0.382 CD retracement) and most of all, gold hitted a huge previous support on $1205 and psychological level of $1200.

Going short from $1200 could be obvious but, as i said, USDollar retracement is in progress imho.

As long as gold stands in this channel, my bias will remain bullish.

Thanks for your support.
Pixi.

Kommentera:

Maybe some take profit from here. Almost 100$ upward from $1123 bottom, inv AB=CD bearish. H4 Stochastisc needs to take a breath.
Short short-term, TP $1180 area.

Kommentera:

Short in progress.
H4 channel is broken. If $1180 fails, looking for shark at $1168/1166

Kommentera:

Add short on $1214

Kommentera:

Retracement in progress for Gold.
Shark bullish, Waiting 1198/1200 to add short.

Kommentera:

Short triggered $1198.

Kommentera:

Last try for short. Same Target $1165
Close short manually at $1201. Open short at $1204.9 Tight $3 SL.

Kommentera:

Closed this idea. Update in progress

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