XiaoLi

XiaoLi

Two paths depend on the fed's monetary on June's FOMC meeting. My bet is 3 times rate raising, and gold receives about 18% increase this year.

XiaoLi

Gold is running at the BEGINING stage of a long-term bullish trend (5+ years). The first half year of 2017 for gold will be shown as five-wave up in this circle. As of today, gold is running in between the 2-3 wave in the mid-term circle (about 6 months). And in the meantime the D-E wave, the last wave up, in the short term sub-wave circle (about 2 months). For...

XiaoLi

As I mentioned in the chart, XAUUSD is doing an Elliott Triangle Wave in a closing wedge, it is likely to break from top and (E) point might be a good long entry.

XiaoLi

USWTI most likely to close a red daily on 10/20 today, while it is more like a pull back to the previous wedge bound (upper bound near 40.6). Since the break out the wedge on 10/18, the previous short position has triggered the SL. It is a good chance to long right now at the moment with a 50 pips SL. It is likely to hit a yearly new high around 53.

XiaoLi

WTI breaks the previous wedge on 10/17 morning; Daily the level, it is a pretty good chance to short when pullback a little near the lower bound of the wedge again (around 49.9). Two target, consider to play bear conservatively, have been set for this trade: 49.06 and 47.74. On the top of that, it is very likely to see the "retrace 0.618 point" later this week...

XiaoLi

SL: 45.5 TG: 43.24

XiaoLi

EIA BULLISH CALL! SL: 45.4

XiaoLi

SL=44.12 TG=36.24 RR: 4:1

XiaoLi

SL=1319 TG=1389 RR RITIO: 3.8:1

XiaoLi

AB=CD TG=42.58 SL=40.41

XiaoLi

TG= 38.8 SL= 40.2

XiaoLi

TG: 43.01 (After 7.20 EIA Report) SL: 45.64 (After 7.20 EIA Report)

XiaoLi

Bearish trend set up for this week's report; TG=42.98 SL=48.23