Gorbie

GOLD (XAUUSD)

Long
Gorbie Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Long from $1206—1176 area.

Expanded flat (a-b-c): c-wave — impulsive structure.
Comment:
Good reaction here. Awaiting consolidation.

Comment:
Book your profit and looking for reversal down with 3 waves at least.
Trade closed: target reached:
Booked some profit. Waiting the breakout at $1300 or reentry at $1232 area.
It's seems like triangle.
Comment:
Get the no trade zone. Further we could see any flat:
1) running flat 2) regular flat 3) expanded flat
Comment:
Unfolding the last one: expanded flat.
Comment:
The expanded flat did the 1st wave in impulsive structure of swing (B).
Trade active:
The next target is $1438
Comment:
Entry at $1296 area.
Comment:
Trade active:
Comment:
Added on the dip.
Trade active:
Comment:
Here's nice reaction from inflection zone.
Comment:
Should see 9 swings in impulsive structure of wave C of Cycle (B).
Comment:
Comment:
Breakeven.
Comment:
Waiting retracement.
Comment:
Start of the new impulsive wave.
Trade active:
Comment:
Heading to $1483.5 at least.
Comment:
Focus on divergency between end of X and 2.
Comment:
Breakeven. Waiting 1280—1276 for new entry
Trade active:
Comment:
Buy only
Trade active:
Comment:
Its also can be like this
Comment:
Good reaction here
Comment:
Took profit here
Trade active:
Comment:
Took profit at 1275
Comment:
Invalidation level was broken. Heading to 1480.
Trade active:
Comment:
Still can do another leg down
Comment:
Divergence
Trade active:
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