Bandarsq
Short

Gold - The Big Short

OANDA:XAUUSD   Gold
1994 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
Thank u master!
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@archer08, Thank you :)
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below 1200?! you really aim far~
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@Cornhub, Aim Big :)
+1 Reply
Thank you! I'm a big fan and was waiting for this chart! :)
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@mater, Thanks for the comment bro :)
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Thanks, I can see the retail sentiment is extremely bullish right now making this scenario a big shock for many.
The next FOMC is 13-14th of December so I do wonder if that make the move to target 1 even earlier than expected.
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TwitChute PRO TwitChute
1378 is the place to watch for invalidation, right?
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Bandarsq PRO TwitChute
@TwitChute, I hope the new update answers your question ;)
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@Bandarsq, sure did, the journey has begun, thanks
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good stuff man...
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@rere04, Thanks.
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EnzoCaluzzi Bandarsq
@Bandarsq, qualche aggiornamento ?
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Bandarsq PRO EnzoCaluzzi
@EnzoCaluzzi, English bro 0_o
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Well done master.. Looks like you on the right way, to underground & below ;)

snapshot
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@Pandorra, Thanks for sharing. Underground we dive :)
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@Bandarsq, smth of mine ;)
GLL -2x GOLD DAILY RETURN ETF, BULLISH SETUP
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Thank u!
Best TV idea of gold after elections!
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@RAZRus, Thanks RAZ.
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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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I suspect Gold turns up hard from here.
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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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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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