Mid term view on Gold

Updated

This month is crucial for Gold, Staying above 1253 will see more up trending move to 1329, and heading 1450 to complete AB=CD pattern.

Note

daily chart: testing trendline resistance, should be careful.

Note

Daily chart update:
It's obviously a false break out, will retrace 1251 once 1261 being broken in short term.

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holding shorts from 1272 till the NFP this Fri.

Trade active

closed shorts, and longed small lots from 1265

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It reached 1273 in our mid night so we didn't take profits, the longs from 1265 was closed with break even.

Trade active

long 1261 again

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4H chart update:
Likely test 1265 or 1270,then decide

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it's already hit short term tg:1270, now move sl to Breakeven.
4H chart update:
NFP likely retrace 1265, go long from there if holds, for tg: 1274, 1293

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As we said in Aug 2, "once broke out 1261, will retrace 1251" it just hit the targeting entry in yesterday.
4H chart update: add more longs at 1259

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1H chart update:short term retrace 1271, if holds, go long,if break 1271, will be possible to retrace 1267

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Retrace 1278-75 go long, for tg:$1293

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short term likely retrace 1253 again

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1H chart update:
Short term retrace 1271 go long to 1283, then, short from 1283.5 to 1254
Mid term long from 1253-1254, if supported

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4H chart update:
price just hit 0.886level at 1289.2 go u turn for some retracement.
likely pullback to 1281, crucial support at 1278

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4H chart:
short term retrace 1284 go long for tg:1301-1310

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4H chart update:
hit 1326, very close to our mid term tp1:1329, took some profits and wait for a retracement to add more longs

Note

faylee

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by faylee

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