Long

Agressive Gold

Updated

I see some bullish fib combination in this area, which I would like to share with the community. This gives an alert of trend continuation, which may not last more than 1365. Well We are trading below 1300 gives a 50$ non stop bear momentum in last two weeks.

For Bullish, I see following patterns

121 harmonic pattern
Cypher Bullish Pattern
4th wave channel support.
Long term bullish trend line support
38% fibo support of last swing
127% fibo correction of wave B

For Bearish

Completed E wave triangle in weekly chart
Possibility of 3rd wave bear beginning
Bullish trend line support around 1200 level on weekly chart

My Pick :)
Looking for trend continuation for a new high

Note

Things to consider before FOMC
1. reached channel support
2. Found a bullish Harmonic pattern

Note

Bull Run pause here for either break setup or fold down. If it fold down target remain 1302

Note

Sold gold at resistance.
My trade plan during coming weeks as BAT,Cypher & Gartley combination, backed by Elliotwave. The full family picture as seen below

Note

This was quick..! :) So many pip in Hand
Friday for bull show

VRShaiju

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