pixi
Long

Come back to 1355$ level ?

FX:XAUUSD   Gold/U.S. Dollar
6 months ago
Hi,

Gold             has printed a nice and perfect AB=CD bullish pattern on daily time frame.
Last friday, gold             has closed above 1315$ and turned bullish in end of session. As long as prices are above 1312             , gold             can catch the 0.618fib of CD leg of the AB=CD which is a classical TP for whom have bought the pattern.

There will be some trading days before FOMC release, and, as the last NFP was disapointing, we might see higher prices with a retest of 1355$ level (1354/1359).

Keep my $1302 long, and will buy any pullback on 1318 / 1316 or 1312             until 1342.

The question is : are we in distribution or accumulation mode ?
My preference goes to distribution.

6 months ago
Comment: Took 33% profit on $1342.
Short 42 TP1 $1323 / TP2 $1318
6 months ago
Comment: out from short 42 at 45.

Now waiting 54 to short and close my 1302$ long.

Related Ideas

pixi
Setup for FOMC
pixi about XAUUSD 2 6 months ago
benzhaidang PRO
6 months ago
i shorted from 1325 if go back to 1318 i take profit then go long. i refer distribution also.
Reply
Yaba PRO
6 months ago
Again same here...lower high 1344-1357..and then bearish pattern till December/January...Higher low around 1130 or lower low (to be determined).. Anyhow after Jan 2017 looks like a bull trend for many years...keep up the good work
Reply
KanokpojThongjub
6 months ago
thank u for good idea .
Reply
Yaba PRO
6 months ago
You want to squeeze the last cent :) I am building my short today/tomorrow depending on the price action btw 1347-1357
Reply
pixi Yaba
6 months ago
lol, not the last cent. But closest to my price between 55 and 60. Good luck.
Reply
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