-Trade setup hitting multiple TP'S & swing currently active -Over 300 pips short movement gold has made in a single day
Trade Setup -C to D complete -Now entry point E for a short swing
-Doji + Bearish engulfing candle stick on the 4hrs -Candle stick pattern respecting the daily high as shown through the daily trend line (Blue) -RSI showing overbought area --Swings have been activated for this trade-
-Potential Buy setup for EUR- Doji candle stick on 1hr (candle stick pattern) with Bullish engulfing candles (Bullish momentum) -DXY respecting previous high (wicks) and re-testing with a sell
-Potential short- Elliot wave point D -Waiting for a Bearish engulfing candle on the 1hr/4hr -XAUUSD moving in the opposite direction -But if the trend line is broken will be trading the breakout with a buy (Following the trend)
-CHF sell/XAUUSD buy which I forgot to post this morning- -CHF close to hitting TP 1 -Gold TP 1 HIT with TP 2 Running on BE -I would re-enter again once the purple zone has been completely broken looking at the 1hr and 4hr for confirmation to take a CHF sell (0.99000) and XAUUSD Buy (1494.90) or if Re-test then place a sell and closed previous trades that are on BE
(Trade setup) -Point C on the Elliot Wave complete (trend lines) could see further upwards movement before a downside for a Sell -Comparison to DXY which has also completed point C-moving in the opposite direction for a buy
-Strong rejection for gold around 1557 -CHF possible buy from 98.000 area + further confirmation on DXY re-test level of 98.30 (Daily DXY 99.00 Re-test) -If CHF hits SL- re-enter for a sell as shown on the setup
-Possible Short- as the market is on point C on the Elliot Wave -Candle stick has Re-tested the daily trend line (Blue) -Formation of a head & Shoulders pattern- Right Should in formation - Entry could be awaited for further confirmation until neckline is formed
(Trade setup) -Point C on the Elliot Wave complete- we could possibly see further downside before Gold starts recovering towards point D -Entry will be updated on the post keep an eye out
-Potential sell upcoming from 68.0000 re-test----correlation with XAUUSD from 1560.000 -But if SL hit take a buy from 68.000 level in correlation with XAUUSD break through of 1560.000 & DXY movement in the opposite direction
-Potential Sell upcoming from re-test of 1560.000 by Observing the movement of DXY around 98.30 psy level (Re-test also) -But if 1560.000 broken then potential buy for Gold taking into consideration DXY break through
-Ranging between the two barriers- 1548.000 + 1526.000 -Current Trade on BE- -But if broken take a hedge position for a buy 1548.000 Level
-Possible sell upcoming based on the Elliot Wave movement + Following DXY movement on an upward Trend -But if the Elliot wave is broken we could see movement heading towards 1.34000 -Solid bounce from near two-week lows. -Swings Active from point C- currently on BE
-I entered from 1.32000 (Buy)- now 4hr is broken- the Bulls are in momentum TP1 AND TP2 HIT- -Swing active for TP 1.34000 (Forgot to publish)