melihFX

GOLD BASE BASE PLAN

FX:XAUUSD   Gold / U.S. Dollar
87 0 5
I think we'll see a 4 week correction before going long. I feel we have +1000 pips of short opportunity.
I'll have short scalping positions till we see 1174.
If we come to 1174 area then my base plan will turn to the long side.
If prices rise above 1310-20 area I'll revise this plan.
Trade active: First short entry 1285. Bearish gartley on 15M chart. If breaks 1274 then it'll go 1265.
Trade closed manually: closed short position temp. +60pips
Trade active: Long position. 1264. Targeting to retest 1300-1307 area.
Comment: closed long pos without loss. Wait and see.
Trade active: Long 1268. Not confirmed by price action. If bounces then it will be impulsive.
TP1 1285, TP2 1309
Comment: Now we have bounce. I think it confirmed long impulse. Good luck.
Comment: closed pos +20 pips. Sideway market. So its better scalping for +50-100pips. At least no loss.
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