Gold trade with ease

We have completed a bullish swing last week. This week we might experience a change of direction. as usual gold gives both bullish and bearish direction. I prefer a bear position this week with "extra care" We have an initial support at 1229. A break might extended to 1200 or below 1180. There is a clear bearish "Divergence" on daily chart. I would like to present following patterns to consider

• An emerging bullish bat in 1h
  
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• An emerging SHS
  
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• An emerging Gartley
  
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• An emerging Bat
  
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• An emerging Alt Bat
  
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• An emerging Bullish wedge
  
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• An emerging Bearish butterfly
  
• 

Trade active:

Gold back to the last week target 1258 today morning. No hurry..! No worry
Just do it :)

I am choosing emerging Gartley (bullish). I like to see Comex should print 1258. Trade safe..! have green pips

Comment:

We are here in this range for three trading days. Ranging between 1243-1260. Why we are not moving up? Y Y Y Y Y Y Y

:: This Price action reminds me 1363 brushing head ::

No - No - Not again

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Comment:

Giving the regular and ALT view. Sorry for the late update.

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I get in early..! Let's see.. Shorted 1272 right at the resistance

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Are we Panic??? I didnot changed my position and direction yet. I should consider the hedge only after 1300 break and close. Till then I should in this swing

Comment:

Happy Vishu for everyone.

I am traveling to enjoy this unique festival with my family. Happiness everywhere...! I should join here Monday night again.

Advanced Happy ester to the world

This update is based on what was happen yesterday off market. I see Gold hovering above the expected 1282.45. The Comex close was 1275. It’s way below the resistance. I did not take additional positions in this market which is looks like very volatile. But I should take a Those who are holding longs from 1198 for C wave target can be exited or Lock the profit now. Here is my position update The 2 floating positions from 1198 are covered @1273.

Two reversal levels can be found according to Elliot wave are 1282.43 and 1306.2 I guess we might see 1306 like the wave we found 1262 after breaking 1243. We are in Same structure and same pattern. Let this dust settle.

We decided to sell half of our gold physical bullion stock by end of this week.

I found a Cypher emerging up in the daily Gold chart.

After my vacation, there will be little surprise for you…. Hold on

Comment:

Hi, there. I opened a personal blog and trade room to share the trade positions. You are most welcome to the personal blog. The URL should be share with my Next Idea. This will be the final update on this idea.

Note:- I decided to get rid off my longs now and open for short positions.