cacus

Gold short term

Long
cacus Updated   
COMEX:GC1!   Gold Futures
Longed at 1325.

Gold in a Triple combo wave WXYXZ (abc, abc, abc)

Volume anomaly on last drop.
Nice volatility, I expect a good retracement from here (78.6 fib).

This is short term, Nice Risk/Reward ratio. Huge volume support at 1319.

If I spot this rolling over, i'll manage the stop accordingly.
Trade closed manually:
Closed all my trades on profit. I'm looking at stock markets. If they rollover we'll see liquidations and therefore dxy rising hurting gold at first.
I'll take a sit back and watch while the shorts on stocks evolve.

Cheers

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