This might be a very strange trade idea after FOMC minute release yesterday. However I prefer long with TP marked in the Chart with SL BE
1252-56 will be the leg bottom
Trade active
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I entered Long @ 1252 with a TP of 1270 as initial target. Waited a little to see where the gold is going to behave this week. The volume not good so far to short gold.
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The Harmonic View. Bearish BAT in small Time frame.
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A very quick update.. No bullish momentum to hold the long position so far. Probably we should get bulls around 1229. Bat bullish along with 121 bullish pattern. I hedged my Long here and shorted gold towards 1230.
Comments
gLloW
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yo dawg, I herd u like bullish candlestick formations, so I put an inverted H&S continuation within a bull flag. I'm with you, I think we get a jump here, but that will be it for a few weeks.
VRShaiju
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Thank you for your time. I like the chart you shared. I prefer flag rather than inverted head and shoulder. DXY providing kind of resistance now. I think this should help the gold bulls in NY session. Bear momentum is not too strong at present
ShPro
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Not until the fat lady sings..
You know this afternoon I thought she was going to sing...
Good one...
VRShaiju
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Give a day for swinging louder :). Thanks for your time friend. I appreciate your thought.