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UnknownUnicorn540299

Bears turns to bulls 1st Quarter of 2018

Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
UnknownUnicorn540299 Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns
14
19
chartpattern
Still in consolidating channel downwards. Cycle low estimated end of Jan to mid Feb 2018.
Comment:
snapshot
1293.8 should be the resistance
Trade active:
Entered into the trade. I will close the position if we get a daily CLOSE above 1295.
Comment:
10. Too mch. Almost
Comment:
As price closed above 1295, it signalled higher levels to come.
But I expect here a pullback;
snapshot
Comment:
snapshot
Daily consolidation inside the channel. Potential top. Need tomorrow for confirmation
Comment:
In an EW-perspective, it might have only completed 4 out of 5 waves. Be careful to short before potential confirmed swing high.
Comment:
This may be a valid scenario since price is breaking upwards quite aggressively;
snapshot
Comment:
1322.4 intraday gann level which is interesting to observe for reaction.
Comment:
Broke above 1322.4. That signals next level higher.
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