Long gold to 1230. Short from there. 1210 is the bottom for the weekly cloud, it can be the good entry point for long.
Seems that gold is heading to the 1/2 upper channel, 1218. But watch the price action around 0.382 Fib, 1205.
Possible price action for 2016 December. Good to long around 1117.
Bearish cypher is forming, long from to 1139/1140 and short from there.
Bullish Cypher, pay attention to 1117 area for a big wick. If so, time to long.
ABCD and the bottom edge of the bearish channel. Suggest to short in the range 1164 ~1172 to 1148 and take your profit. For fomc, gold might touch 1133 or lower and go up for retrace or reversal.
Cipher structure for December. Gold will retrace and drop again.
20161201-20161202 Gold Trading Plan 1: Short from 1178~1180 to 1170 Plan 2: Short from 1182~1183 to 1248
Big Triangle is forming, and see how similar the pattern is, we may have a sky fall again for gold to 1163
Gold has reached the critical point, down or up? The Down ABCD and Up ABCD both are possible. The triangle is forming. Breakup might mean down, breakdown might mean up. Let's watch the price action around the yellow circle.
Gold Rising, ABCD and possible routes.
Possible gold price actions after breakout from the triangle. Let's see what will happen.
Wierd thought about the gold price action, unwind process
Let's see how the two triangles breakout.
The 1254 area is really a fight and it will become the top for a time. When pullback to 125x area, continues to short to 113x area. Maybe after this, U.S. will buy a lot of gold, gold will soar up again. Long from current price, TP1 1235 TP2 1254. Short from 125x, TP1 1162, TP2 1133