AlphaDreams

BULLISH BATS ON DAILY -- HOW DEEP FIRST?

FX:XAUUSD   Gold/U.S. Dollar
204 0 5
2 months ago
All is on chart. 2 bats, 4 targets. But I've had fun scalps in decent range this week.

Waves show that we could go to 1180 but could also be done closer to 1210. Either way, with all of the recent sideways action, either can fire.

Looking at the events soon, rate hike, turn of year, earnings, new US president in office, can start more action.
2 months ago
Comment: We are slowly on our way. This can be found on daily and 4h. There is plenty of room from the 1172 support to the reversal start of bull to allow for big swings so if you are not already long, use care or lower leverage.
2 months ago
Comment: There was also a IHS developing which didn't break out but, as https://www.tradingview.com/u/Bandarsq/ pointed out, the sideways action could be extending the right shoulder, which it did.
2 months ago
Comment:
snapshot
2 months ago
Comment: Lastly our Bullish Bat has a 1.618 retracement that is at 1232 (our TP of the IHS) and the SL support is 1172. Numbers/prices worth keeping in mind.
2 months ago
Comment: baby moves along the way
2 months ago
Comment:
snapshot
For many centuries chemists labored to change lead into precious gold, and eventually found that precious uranium turned to lead without any human effort at all. -- Isaac Asimov
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