EliteOtaku

Short Gold now 1497

Short
EliteOtaku Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
I enter short on 1497 last night and hopefully this should be the beginning of week wave 4-Y-3.

To confirm it, Gold should break 1490 on H1 first, then 1487 on H4, close under 1471 on daily(seems we better to hold short during weekend, I bet things would be smooth in UK. The vote would pass.

My next spiral time window is 25th OCT so let us see what will happen then.
Comment:
Why I short on 1497? Because on daily chart, it is conversion line of Ichimoku daily, 1497.3, the pin bar is effective.
Comment:
Gold is getting support on 1491 so it might raise again to 1499-1500 to form a terminal diagonal. Let us see on EU and US trading time.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.