faylee

XAUUSD-D, moving in an expanding wage,"Short High Buy Low"

FX:XAUUSD   Gold Spot / U.S. Dollar
621 3 29
The Wave 5 for Gold             is moving in an expanding wage.
To sell above 1300 and buy in a retracement (about 1263) is suitable.
Trade active: May-2, Gold reached 1304 , meantime DXY reached 92.6, as expected.
just short for a retracement, or wait to buy after retracing 1263
Trade active: I've shorted at 1301, if it's broken 1307, I‘ll close the trade.
Trade active: I've shorted at 1301, if it's broken 1307, I‘ll close the trade.
Comment: if the unemployment 4.9-5.0, NFP16-20
estimated entry: long at 1266-1270.
Trade active: i've longed at 1277, before NFP, because many people can guess NFP is under 200k,due to ADP is only 150k.
Comment: On Monday, watch 1295 to be retested, if cannot break out, it's possible to retrace 1263.
Trade active: long gold at 1272 for short term trade.
Comment: 1263reached, watching and preparing to long.
already in Wave 5 since 1303.
Long did you say ?
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however it is behaving very strage currently, just hope DX doesnt blow out into any one direction
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faylee DownUnder
market action is much important, i watch closly especially in the week of NFP or FOMC meeting
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