faylee

Short Gold for Middle term tg 1176

Short
faylee Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Estimated Entry 1: $1259-1261
Entry 2: $1264.5
SL:$1268.5
Tp1: $1241
Tp2: $1226
Tp3: $1217
Once break 1217, will see final tg 1176
Comment:
1H chart, the 2 potetial bearish pattern are guiding to find short entry
invst.ly/3juwu
Comment:
Daily chart tells why go short for middle term:
invst.ly/3jv30
Today is possible the turning point
invst.ly/3jvb-
Comment:
Update for wave count, it could be "abc" or "12345" structure.
If "abc", then 1259-1261 could be the top;
If"12345", then possible to test 1264
Comment:
As a long term bull, i would prefer a buying set up from 1140 to 1158
Comment:
Let's watch 20min later
Comment:
between Apr20-May 5 possible will see the low to go long
Comment:
1.5hrs later, if bounced to $1256~57, can try to short from there, if not, just let it be, don't chase:
Comment:
The previous bounce cannot hit our estimated tg.
7hrs later, once it bounced to today's key resistant level 1257-58, can go short from there.
Comment:
Now the price going up a little bit faster than expected,it's bullish,not suitable to short,although hitting the estimated entry. i will wait for the time due,no hurry.let's wait to see how high will it fly.
Comment:
Today watch 1253-1254 resistant level, once blocked, go short
there're 2 timing should be care of: 1hour later, or, 3hours later,
once hit the resistant level,can try to short
Comment:
It started to drop on time, but the price hasn't hit the estimated entry, should be care of the bounce, we'd better wait for next 1.5hrs
Comment:
In next 12minutes, if cannot break 1248, possible will bounce again
Comment:
if next 30minutes hit our estimated entry at around 1254, can try to short
Comment:
1hr chart, price was blocked by 1254, trade was effected at 1252.5
Comment:
in next 3-4hrs, possible will hit 1244ish and bounce, can take some profits there.
It's still swing in range 1243-1257, and choose the direction. Maybe next Mon. or Tue. will act.
Comment:
It's started, next low possible will appear 5hrs later.
Comment:
Short term UJ is going up, once broke 111.5, will test 112.6-113.2
Comment:
took some profits at 1243 already, as the last chart tells the closing price could be the low,and now it will bounce for a while. we will find some new entry for adding shorts
Comment:
It finally hit 1239.5 in Asian session and bounced now. From daily chart, if today closed under 1240, will further test 1235-1228. But today is an important day and maybe a turning day.
From 1H chart, still go south, watch resistant level 1245-47, 2-3 hours later.
tp: 1237-1236
Comment:
For shorting, today we'd focus on two resistant level &timing:
1) 19:30-20:00,BJT, $1245;
2) 23:00,BJT,$1247.
Tp1:1235,Tp2:1229
invst.ly/3l0yx
Trade active:
shorted from 1247,at 23:00BJT already.
Comment:
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let's just watch the openning price of next week.
Comment:
not breaking out Fri. hi is perfect to short
Comment:
it just hit the estimated entry1.i shorted again from1258,and added1261
Trade active
Comment:
short term resistance:$1257-1258
Support:$1252
Comment:
Comment:
Short term tg: 1253,1247,1241
Once broke neckline 1240, will test 1217-1218
Comment:
It's very interesting that the price back to the same range after 1year.
Pay attention to the same reverse date
invst.ly/3mg87
Comment:
1240 is the neckline in last year W, while 1240 is still the neckline of M in this year
Comment:
Likely will take 7-8 nature days to hit 1217-1218
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Comment:
It's already broken the trendline
Comment:
it just hit our short term tg2:1247, moved the sl to cover the cost now.
Comment:
we'll possibly see new low in two hours.
Comment:
1243 holded in yesterday on/before the crucial moment, and it bounced high again after the news come out, while stock index dropped quickly.
However it's still closed under 1259, I would continue to sell on rally.
Here I list some of the daily candles on the Top. Like the bottoming, there're always swing and fighting. Still, i will give up short only after it broken 1265. Let's see.
invst.ly/3mq82
Comment:
Pls refer to my next new post:
It just hit the 2nd Entry$1264.5

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