Bandarsq
Short

Gold - The Big Short

OANDA:XAUUSD   Gold
1998 27 43
XAUUSD             is heading for the neckline of the Head and Shoulders pattern. Sell on breakout.

Have a nice trip.
Comment:
snapshot
Comment: Target 1 reached. I expect a bounce to 1230.

Cheers!
Trade closed: target reached: good enough
Bandar, you were very right about your Target 2 (Gold at 1136 as of now). Not sure why you changed your mind and turned bullish! Nevertheless, excellent analysis !!..
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That bounce may be a new up-trend. I count EW and this is a classic correction ABC to the .618
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Bandarsq PRO peterdcharlebois
@peterdcharlebois, I think 1280 is level that needs to be respected. Can you share your EW count?
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@Bandarsq, Sure I will mark up a chart and post what I think. Of course it is only a perspective. May I ask (and do not do this to challenge but to understand) where you marked W, X, Y: is this your EW interpretation of the current correction? In my experience this does not look like a triple correction.
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I suspect Gold turns up hard from here.
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Are you not expecting target 2 anymore?
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@Anjum, I'm not sure that's why I closed this idea.
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Thank u!
Best TV idea of gold after elections!
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@RAZRus, Thanks RAZ.
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