KVE
Short

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

FX:XAUUSD   Gold / U.S. Dollar
352 7 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...
snapshot
Comment: RSI and stochastics heavily oversold so should at least see some retracement coming up...
Order cancelled: Invalidated
1295 kan geraakt worden.
Reply
KVE Yahia.Awes
Ik hou die zone in de gaten, 1300 is 0.618...
snapshot

Daily candle van vandaag is wel een mooie groene..., kan evengoed gewoon verder omhoog gaan..., weekly op weg naar trendlijn tegen het referendum...?
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Morning KVE , was lucky last night, closed out longs @1312, an hour after NY opened and went to bed, look this morning and wow 1280!. Very volatile ,,watch and wait....before committing here..at a support level...feel no rush as so much news happening, Brexit now delayed..can go lower? 43? Maybe then? Fear of unknown...haha, cheers and good luck Ron NZ
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KVE Ronnee
I managed to get 1313.96 on the short lol, I'm just letting it go, possible upside from here, 1289 probably, but I think we will continue down after that, or at least I hope, you never know..., SL at BE so no worries atm..., to the downside I'm aiming for 1250-1240 first and 1200-1190 next but we'll see, anything can happen....
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Excellent !, good returns coming whatever, next few days, nice, cheers good luck..
Reply
KVE m4riovolp3
Hey man, I agree with that, 1250-1240 is my first down target on the short, 1200-1190 next. Make sure to trail SL to BE, support at the current level (1280)
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