Loii
Long

LONG TERM BULLISH CHANNEL

FX:XAUUSD   Gold / U.S. Dollar
1472 32 26
LONG TERM BULLISH CHANNEL
This will make higher lows so a retest of $1235 is possible. it will take a week to get to $1280-1285. so u will get opportunities to long.

Gold             is moving in line with this channel!
next top is $1280-1285 (End of next week)

and then $1300-1305 (Early May)
Comment: Each bar is 4hrs
Comment: Time to go to 1280 will definitely be quicker than 41 bars becos more traders now notice the new trend channel so im expecting it can be as soon as a few days. but next wedn-thurs seems likely. this is only a forcast.
Comment: bought at $1230. my SL is $1226.90 if anyone wanna take it lol
Comment: TP is $1275-1285, or whenever i see a bearish divergence
Comment: i will re enter when we find support
Comment: channel this valid as long as this candle closes within the channel
Comment: long at 1227.
Comment: my new SL is around 1222
Comment: tpis $1238. becos i expect a higher low after 1238,
Comment: Changed TP to 1235
Comment: I decided to hold my long, only 0.5 lot. dxy 4h rsi is back down under 70 at the time of writing
TWO SCENARIOS FOR GOLD. BULLS & BEARS
Comment: TP1 1243
TP2 1270-1280
Comment: I have 1.0 lot long, i might hold until at least 1270, then i will look for a bearish divergence and take profit. i might add 1 lot more at a higher low. looking for a inverse H&S
Comment: holding 3 lots long until 1270+
Comment: ii tp 50% at $1270 and the rest got trailing sl tp hit at 1265 :)
Comment: got the right wave count but wrong tops, i adjusted my tops ;) triple bullish zig zag
Bad US data but gold can not mode up. What happen?
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Gold
hexagon view H4
Reply
old supports and tl. resistances..

snapshot
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fali4209 newbie2016
You going long newbie?
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newbie2016 fali4209
for now i am short..
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newbie2016 fali4209
watch for 1220 level... it can bounce from there..
Reply
Loii newbie2016
this can go either way. just wait sure ur sl is tight like mine, there is technical case for both bulls and bears.
+2 Reply
this is my setup now.. but now if gold go towards 1220 then i will cancel my buy idea... cuz it already taken upside before going down..

Gold Sell & Buy
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newbie2016 newbie2016
there is also possibility for move towards 1239 from current prices.. so nothing clear yet..
Reply
it fallen below neckline of head and shoulder pattern... 1229 was neckline..
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