FX:XAUUSD   Gold Spot / U.S. Dollar
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Yellow Metal Gold Goin going exactly as per plans from 1162 as for now about 1000 pips approximately we been following through.
Well here are the risks very near which will be infront of us as I expect bottom is near and wave (5) is near to bottom.
I still expect as far as 1089 is safe and protected , I will flow my wave (5) shape down towards 1045 or near even 1020.
For now it is not better to be over aggressive as bottom is near and first decent pullback corrections towards 1120 are very much near which can unfold any time in the shape of a.b.c
So now as far as 1089 is safe we are bearish and going to 1045 but once 1089 get broken our correction will start and we will think to look upside towards 1120.
For now very very careful and look short on gold with less lot sizes. Its not time to be aggressive.
Trading recommendations :
We will look to sell now 1076 and will place stop near 1078.45 as aggressive while target been 1060 1050 and if unexpected 1089 level crossed then we will look to buy.

Comments

hmmm. nice work, but whats about the DXY?
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