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XAUUSD - Fractal TIP!
The pattern from 16-08.2018 until 13.11.2018 is repeating.
It can be noticed intraday on current charts, from 23.04.2019 until 16.05.2019 (today).
Many pips ahead!
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I'm on another level y'all!
Trade active
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Going LONG!
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Fractal Pattern = Major Success!
Bullish Impulse under development.
Has chances of extending.
Trade closed: target reached
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TRADE CLOSED - PROFIT TAKEN - TARGET REACHED!
Wave 4 in the making.
Wonderful trade!
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Told you XAUUSD (GOLD) was going UP!
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Larger Picture
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Retracement over for XAU, going for the bullish overshoot. Hammer coming soon, after it will mess with traders' minds.
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XAUUSD still has power. Either it retraces in a wave 4 and then continues or it just continues and then retraces a bit, but still continues. Congrats to those who really followed!
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XAUUSD is in a complex corrective structure, with more up-side to come. 1385 and then we'll see more details.
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XAUUSD - Daily Chart updated.
Verdict: More upside to come after some consolidation patterns.
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One more dip or not, I think it's preparing to go LONG.
A complete 5-wave sequence in an impulse has completed.
Today's (Aug 13th) fall has shown consistency, retracing 38.2% of the entire above-mentioned rally. This is a retracement typical for a wave A or a wave 1.
——————————— A Big Short could be in play ———————————
How can we know and what are the current short levels? In order to confirm that we are starting a bearish sequence, XAUUSD would need to show resistance at the:
- FR 61.8% (1513.82) or -FR 78.6% (1523.15)
What's the SL for a short position? - 1540.00
——————————— If a Short is not in play, then what could happen? ———————————
An extension could occur in another rally.
How can that be determined? Only if the current rise would react in an impulsive manner towards breaking 1540.00 .
Trade closed: target reached
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Bullish Rally is over. XAUUSD turning bearish soon.
Expecting this:
Bearish swing posted:
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Fractal Pattern continuing to the next sequence observed in Feb 20th - May 2nd.
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The coming week will be crucial for XAU!
If it continues lower in an impulsive manner, then a correction would pave the way for a big sell-off.
However, there are still chances for a "clumsy" continuation within an Ending Diagonal, should XAU manage to bounce next week.
* In case of a breach, then the lower trend-line would act as the rejection zone and the sell-off entry.
* In case of a bullish impulse, then the Diagonal would be in play and the 1565-1585 zone should give more signs for the reversal.
**Note that 1585 reflects Sep 2011 and Dec 2015 Fibonacci Retracements, the Golden Ratio 61.8%.
Let me know if you guys agree or like this view. Many pips ahead!
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Just in case it breaches, the bigger picture is this one!
Please take a look at our idea and let us know what you think!