Boon2

XAUUSD H1 Caution!!

FX:XAUUSD   Gold Spot / U.S. Dollar
H4 We have bull hidden divergence therefore we should be seeing an impulse up breaking the top but H1 price action not showing this.

H1 We have bullish divergence with price just breaking the wave A low and a TL break. Price action looking choppy so I suspect were at the start of a H4 B wave so it will be quite unpredictable to trade and I suspect a lot of choppy movement. There's a number of ways this could play out at this stage, we could see a running or expanding flat or a much more complex structure.

M15 there was a small correction after the TL break to buy and if you took that you should be at BE, I'll be waiting for more predictable price action before I consider adding longs.

D1 Have We Reached A Top! Idea, check it out to get up to get up to speed on my D1 analysis.

W1 Long Term Outlook, checkout the idea to see the big picture thanks.

Good luck and trade safe!

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Jan 20
Comment: H4 Internal C Wave Down (H1 Chart), checkout the latest idea to get up to speed thanks.
My views about gold but i could be wrong
Price is moving up and expected to touch 156x,
After that i will wait retracement to re-buy again
Do you have any position for now?
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Boon2 algoffar
@algoffar, Ok thanks for sharing your view. Yes I TP on my short and got into a buy yesterday at the break of the high with a buy stop on the M15 (red line) at BE now. It was to riskier a trade to post a idea on.
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