KVE

XAU/USD: Possible bullish shark and 5-0...?

Short
KVE Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
6
Possibe shark completed, target 50 tot 61.8% ret. of last leg.

At bulish shark target a possible bearish 5-0 may send gold south again.

I'm short from the top (1314), hoping to add short on completion of the 5-0.

Hedge long for now until it completes...

Beware: max. shark between 1287 and 1285 still possible...
Comment:
Max. shark closeby...
Order cancelled:
Max Shark complete but very bearish so no long for me...
If the 5-0 completes I will short, but I doubt that it will...
Comment:
Last update on the Shark, technically still possible, no close beyond 2.24..., if it reverses up the 5-0 is still possible, if we get a close below the 2.24 ext. it is invalidated...
Comment:
RSI and stochastics heavily oversold so should at least see some retracement coming up...
Order cancelled:
Invalidated
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