It's a continuation of my last strategy, b4 NFP, a new entry at $1261 was effected, for tg $1284, and next tg to be advised after breaking $1284. 1H chart b4 NFP: i set the estimated entry at $1258 and $1254, but finally $1260 holds well. so i booked small lot for entry at$1261. Weekly chart:weekly candle see Three White Soldiers, and closed above the trendline are good signals for bull. next tg:$1315-1317 Daily chart: don't forget our bull flag tg:$1289
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1H chart update: Likely will retrace $1274-71
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4H chart update: bull flag tg:$1289 reached!!
Trade stängt: målet nått
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profit taken at $1294.3
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4H chart update: Likely will retrace $1281-82
Handel aktiv
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it's approached my target entry 1282,i open some longs at1285
Handel aktiv
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long again @1266 4H chart update: Gold likely bounce to test $1276, then watch whether it can break out, if not will go u-turn here, hope 1265 has priced in rate hike.
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next week opening possible retrace $1262 Weekly chart update: will it repeat? It's retraced 61.8% of last two weeks.
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1H chart update: it finally hit very close to my target entry 2:$1262, but since it has little difference with my 1st entry, i didn't add.
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move sl to BE
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4H chart update: $1252 support level holds well. holding longs from $1254 and looking for a bounce to test $1260. then see how will it goes.
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Daily chart update: the one different thing that i am not sure about is, last time we got Brexit, but this time...don't know what will happen next.
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it's broke 1250, stay away from longs
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4H chart update: It's a false BO.$1250 still holds
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Gold price returned to $1241, it's middle level of Y2016-2017. Tomorrow possible is the date for U-turn,take care! Daily chart Update:
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4H chart update: Watch resitant level:$1262
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daily chart update: potential U turn candle in forming.
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watch range:$1248-1262
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still holding longs from $1241 &$1250
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move sl to BE
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Daily chart update: vix vs gold
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took some profits at 1256.88,and holding buys from1241,wait for a retracement to add more buys.
Trade stängt manuellt
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This was not an accident i think, fortunately i took some profits early today, and the other positions stop out with BE. Now the down trend in short term will possible continue. just stay out from longs, if you're interested in scalping trade, short from $1243-1245 for tp:$1229-1224
Handel aktiv
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buy back $1241
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4H chart update: watch the resistance at 1246, then, 1252 is the crucial level, bull need to go above this level.
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a nice surprise to us that still holding longs, a kind reminder to move sl to BE. whatever it will happen, we've already won.
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When EU move too fast, Gold priced by EUR will down, and XAUUSD will be dragged down a little bit, until EU back to normal. that's why we see some div. of XAUUSD and EU see the chart:
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profit taken, and wait for a retracement to buy
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30M chart: see H&S pattern,scalping short from 1246.82 to 1241.5
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scalping short tg 1241.5reached,but still no signal to buy
@faylee, Could be . I don't know. That's why I'm out. I want to see what price action happens around either wedge channel before committing. :)
cuyunyan
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wrong ,wrong///
salsapete
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Hi faylee... Thanks for the updated wave count. You have a truncated 5th wave scenario. Could an extended wave 5 be another, with waves 1 and 3 having equal value ?
faylee
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@salsapete, 5th wave not yet confirmed the bottom, it's possible an extended w5 to be happened, but if that so, it's very bearish look. if w5 stopped here, then, it could be a bear trap, good for long set up.