pixi
Short

Extended AB=CD at 1277$

FX:XAUUSD   Gold / U.S. Dollar
672 6 17
Hi,
After a bullish setup for this week if 1310$ holds (see related ideas below), this one has a bearish tone with a likely AB=CD pattern on 1280$ area.
Short open at 1316$ SL 1325$
Trade closed: target reached
so far so good...
Reply
Hello, Pixi! Fantastic! You are really master in Gold. My respect to you! So, does it mean that General Bearish setup will be developing since now or, opposite, we just make a "mandatory" drop before a HUGE grow?
Reply
pixi FreshOilTrader
Thanks mate ! For now i'll check if this area (1270/60) holds, this is critical for the next move.

If holds -> come back to the LT bearish trendline/wedge
1380$ or 1550$ target


Else
Setup for bullish cypher
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A golden chart for gold...
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pixi DaSpalla
;), thanks
Reply
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