FullTimeTrader
Short

XAUUSD-Decisive moment-Trading the ZigZag

FX:XAUUSD   Gold/U.S. Dollar
1392 10 24
According to my previous long term analisis:
XAUUSD-EW-very  interesting long term projections


I assume gold             is develong a long term ending diagonal, a 3-3-3-3-3 structure with internal ABC patterns.

The price now is about to break this level o may be we can have some rebound.

So, I will trade the last zigzag putting a sell stop order below the (A) level.

Targets are 1.27 and 1.61 fib projections.

Best regards
YuzukiChan
a year ago
You disappeared and came back with tons of EW. Congrats!
Reply
FullTimeTrader YuzukiChan
a year ago
Glad to see you again, i was studying some EW, its a little overwhelming, time consuming but interesting.
+2 Reply
vou482
a year ago
We may soon see the retreat. We reached 1.414% 05/01/2015 13:00 H4 candle
Reply
FullTimeTrader vou482
a year ago
This trade is on D1 chart, my plan is to open sell orders below the (A) level, better on daily close.
+2 Reply
I think B is incomplete, maybe a flat pending C up.
Reply
FullTimeTrader IvanLabrie
a year ago
Hello, if we assume its an ending diagonal, according to EW rules the internal subwaves can be only zigzags or multiple zigzags structures. In this case this scenario is possible
snapshot
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IvanLabrie PRO FullTimeTrader
a year ago
Really longterm projection. I think it'll go up now, I don't what know what it is.
Reply
tcas IvanLabrie
a year ago
The same view. I'm in long from 1140 and 1132
Reply
IvanLabrie PRO tcas
a year ago
I closed my long, was part of a spread trade (long gold/short gbpusd).
Made 0.5% and just booked profits before the close.
I think the low isn't clean enough to be a new impulse wave 1 low.
Looks like a very small timeframe fourth wave triangle there.
Reply
FullTimeTrader IvanLabrie
a year ago
This is a good analysis, i think the most probable alternate scenario, but it think the price will go lower next days
Gold and the False Break - 1065 Key Level
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