FX:XAUUSD   Gold Spot / U.S. Dollar
Short at top of Wedge . Many shorts covered yesterday.
NFP news out in 50 hours. 830am NY Friday
Take profit at bottom of wedge or tighten stop.
Consider closing trade before NFP.
Comment: Andrews Fork drawn on 15 minute chart over the large 4h fork.
Both delineate price well.
Note large green bar from October 3 appears on multiple broker feeds for spot but it is absent for futures (GCZ8 ) if anyone can explain , please comment

Comment:
Comment:
Comment: Fifteen minute chart still working very well for last two weeks.
Small bounce now as expected prior to London opening

Comment: Today price is following Andrews Pitchfork lower.
Point A is October 4 highhttps://www.
Comment:
Comment: Alternative slope is dominant today

We may get some support along the lower parallel of this Schiff fork ( where blue meets red )
If it holds then it is a logical place for a quick long trade.
But big picture is still down
Reply
Greedy TP
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out