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faylee
Mar 27, 2017 9:31 AM

Short Gold for Middle term tg 1176 Short

GOLD / U.S. DOLLARICE

Description

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

Comment

Comment

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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
Comments
khadim345
Hi
Faylee you are best becase update every new moment thanks & share your great thoughts.
faylee
@khadim345, thank you:)
taming_the_mind
Really watching closely my dear =)

Check the monthly chart

if tonight market closed above 1242, more up for April!
faylee
@taming_the_mind, dear, exactly you are right
taming_the_mind
@faylee, lol now it is no direction for gold . prefer selling now. would like to see 1222again
ZZ_77
Bravo Fei !!!
Ehsan_PMSC
SinatraFX
Nihao! Thx, Faylee. I hit it at 1267 in the early european morning.
faylee
@SinatraFX, nice call! good luck in trading everyday!
RoboCash


My short and medium view of Gold. If we can mantain above 63 for a few days, It will break 1300.
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