Agressive Gold

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

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

istantanea
Nota
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
istantanea
Nota
This was quick..! :) So many pip in Hand
Friday for bull show
istantanea
elliottwaveprojectiongoldtradingHarmonic PatternsTrend AnalysisWave AnalysisXAUUSD

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