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faylee
Jan 31, 2017 2:02 PM

Gold Short for retracement Short

GoldOANDA

Description

This is the continual post of my previous chart, due to the last chart is too long.
I opened a new post, for some of my followers' request. Thanks for your supports always.
Now I kept shorting from 1206.35and 1204.58 to wave C tg:1193,1185 and 1150.
$1193 is also wolf wave tg in short term.

Trade closed: stop reached

The pattern invalid.

Comment

(c) already done, according to fibo extension tg for wave (c), as well as the fibo retracement of the red wave b. It's a large wave which gone far beyong expetation. Now we watch whether it can break 1193 in the following days.

Comment

Since my previous short positions have hit the sl. In the following day, if it goes for wave I and II, will try to catch the signal for short again.

Comment

ADP 247k that means NFP will be more than 200k, negative for gold.
and hope today FOMC will help to push gold down.

Comment

Watch 3h close:)

Comment

I took some profits for my shorts from 1210.55 to 1199.36,due to some supports at 1198, will add shorts after a bounce.

Comment

i added shorts at1204&1207,effected by pending order.
Comments
eskgroup
technical trading in a non-technical asset...be very careful!
faylee
@eskgroup, exactly!
IkuwaraNaga
Cover the Short, Lee. Don't against the trend. Gong xi fa cai.
ThunderDarkly
Loving the updated chart method, Last one was long so i understand this one, keep it up!~
lbg01
Brave Lady! thanks for your fast post
faronf
where would the STOP be from here Faylee, considering some volatility on FOMC announcement?
faylee
@faronf, sl at 1213 only, this time,high in asian session today
AlphaDreams
Nice work! Still holding!!
faylee
@AlphaDreams, thank you
anhuiw
Thanks for sharing, Happy the Chinese New Year, it's Golden Rooster!
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