Gold / XAUUSD

Has been waiting for it for almost a week ... Bullish crab just completed and I think it the right time to go long.

Disclaimer:
Im only providing my own thought toward the market but not making any trade call. Trade what you see

Hit the like button if your agree with my idea and feel free to comment in a respectful manner if you have different view on it.

Kommentera:

currently 100 pips +
SL moved to breakeven ... another free trade :)
Good luck :)

Kommentera:

Updates on profit target.
TP1 - 1244
TP2 - 1261
TP3 - can be above 1300 (unlikely but possible)

Kommentera:

Possible test at level 1225 support ~ anyway price just tested resistance at 1229 (a upside false break in 1 hour chart) ... be careful ~

Kommentera:

Just discover this baby here ~ Bearish bat ? Bearish Alt Bat ? Bearish Crab ? Pending for confirmation ... but chances of Gold going upward is higher than breaking new low ~

Kommentera:

Re-entered the market at 1219 ... 4 hours chart show some significant pull back after the market went through it support level ... Pattern still consider valid ~

Trade stängt: Stopp nått

Kommentera:

AB=CD fall exactly on Fibo 78.4 ... Trade what you see :)

Kommentera:

sorry ~ is 76.4 ... Good luck :)

Kommentera:

If it break upside ~ it might be able to push higher then the D point ... Good luck :)

Kommentera:

Trade stängt: målet nått:

Next !!! :)

Kommentera:

waiting for a break ~ expecting upside break and profit target 1260. :)

Trade stängt: målet nått:

Next ~~ shorted at 1263.5 ... Good luck :D

Kommentera:

Reason I shorted Gold is quite simple,
1) Trend line resistance
2) Resistance zone
3) Fibo 61.8

Profit target I set at 1190 (might adjust further) is because I expecting Yellen to rise interest rate although the economy data is not good ... Good luck :)

Trade stängt: Stopp nått:

Waiting for another sell setup ... Next !!! :)