Thank you too for your comment and for your detail explanation. I have checked all of your setups and I impressed how clear and exact they are. Your feeling of market is really superb and I would just dream to have similar one. So, let me give you my fresher vision, maybe you could let me know where I am wrong. First of all let put attention to the DXY cause it high connected with the GOLD last time. It is very very similar that there is 3-3-5 Elliot Flat here. Look yourself.
If such vision is true, we are behind 3d wave in C. As you know 3d wave is extremelly intensive. It is although telling here cause it engaged with Long Trendline since May. So, just a question for me if the 2nd wave has already completed or if it is still active till the 95-96 area.
Returning to the Gold, I am interested additionaly to see DSI (Daily Sentiment Index of Jake Bernstein). As I know it is very low now, which means that more than 2/3 of crowd is in the shorts now. If DXY setup is true, sure it is good confirmation for a Long of Gold (till 1480-1520 I personally hope). Moreover, at this stage shorters have blocked in the position and I don't see the reason to let them close it and return for longs.
Let me summarize. 1. DXY is going to drop. 2. DSI shows short preference for a crowd. 3. High volatility is estimated unexpected, so be very carefully while trading Gold.
P.s. Because long shortterm cycle has started at BOJ rate decision (21th of September) and it were vacations at Japan at the end of last week, I estimate high volatility at Gold at Monday (BOJ Governor Haruhiko Kuroda speach).
Good luck in all of your trades. Have subscribed for your blog and will like your new setups for sure.
Thanks again for your insight and thank you for following!