After 3 hours or so, it has finally reached. 1343.82. But the things is I didn't make a single penny with this because I didn't follow.
Next time, I should follow what I did. Rule No. 1 Follow your scenario.
most likely if you were not in the trade before it ripped, its hard to to catch the initial breakout, but price always pulls back to let you on, heres a strategy i use in fast moving markets. from the low befor the breakout, fib from low to high and look for the pullback to the 23.6 or 38.2, once support is noticed at one of the fibs enter with good rr. I use a (34ema wave). I dial down to a 1 min chart and when the 34 ema wave is in confluence with a fib level and the momentum is up I enter with a stop under the recent 1 min swing low
I think the week is still you and there are more pips to be made before friday. This is what I am looking at. if the gold can hold 1339 than its a long, if it brakes 1339 than I am looking at lower support to buy a bounce. I think it will pullback since gold traded its 50& fib HWB from aug highs to last weeks low, would expect some reaction here.
In my opinion, jobless data would be good. Not bad so it will pull down as you predicted. But tomorrow Durable Goods will raise?? So, I think you chart is much better. My chart is outdated. Perhaps, closed.
Also, please remember the data of non-farm payroll has some inaccuracy and pre-GDP also includes those inaccuracy. So, it will go up as the data says but a lot of people are saying not 100% reliable - But remember, market is not logical. Go with the trend -