Mario_PLN

XAUUSD - fast intraday outlook.

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
As You can see some fundamentals features moved GOLD aggresively on earlu London session. Now price passed thru whole KC on H1 TF staying outside upper border. Lower possibility to retrace it to the middle but as always with fundamentals price can back very past to 61% range. As a natural bull I will take it as a bullish wedge and will search for a buy in upper or mid KC. If the price will back under 281 (50%) this will be a sign for furter downside. Good luck.
Trade active: I've opened buy after bullish H4 closing.
Trade closed manually: Right on 38% I closed my intraday buy which I took today and opened sell posession seeing that it will go to 281-282 when TP order will close my intraday sell. Still Im keeping 1 buy and one sell taken earlier. Seeing PA over the 281 (50%) im more bullish for tomorrow. Tomorrow friday, mostly are greens but to confirm bullish bias we need to see weekly pinbar hammer candle with long tail. Good luck
Comment: It just kissed 282.14 (61% retr.) which actually didnt closed my yesterday sell (TP is on 281.50). I'm moving my SL to 50% of that swing to get less profit if price will want to reverse and deleting my TP thinking that London will generate more downside.

Comments

Thank you. Emotions only push us to make wrong decisions. Good luck to you as well!
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We wait for breaking 0.618 fib bellow 1278 spot. This would be a good short entry.
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Mario_PLN fhsk2001
@fhsk2001, Ive maded 3 shorts already 38% and 50% today morning and this old one close to 300. Now Im wonder to close my buy @ 61% o leave it with 0 profit cause sell from 300 is still opened.
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fhsk2001 Mario_PLN
@Mario_PLN, If I were you I would keep your short from 1300 till 1240 by just moving SL downwards. Short from 1289 seems very good as well and should not be closed. May be this one at 1284 spot is under question.
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Mario_PLN fhsk2001
@fhsk2001, I still see 281 as safe(50% of that big swing). Bears in London didnt atchieve big mark, so it is up to US and fund data. If I will see 281 broken with testin as resistance or any of those big green H1 candle I will close my buy then. I will be patient and will not get in emotions mood to do wrong decision. Good luck Stoyan.
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Mario, London Bank sometimes speculate with fake spikes. A spike down later should be expected.
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Mario_PLN fhsk2001
@fhsk2001, Yes Stoyan. Expect unexpected. I know this rule.
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