Hi, This trade setup is widely inspired by @faylee analysis. Some convergence point are interesting with Gann / Fibonacci and Prices Structure.
Regarding gann (experimental), gold should hit a top in early days of november : $1307 (i will watch closely 1292 also) Then, gold should start its a bloody november drop with a target at $1166 (retracement .618 at 1172).
I'm expecting a yearly close around 1200/1210.
Trade attivo
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As i said in the summary, i was expecting a touch on 1292 (because of a bearish pattern - not present in the chart). Short 91. If break, i will targeting 1307 as explained in the chart.
Commento
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Stopped @94 / Wait 1307 for short Long if price pullback 92 before
Commento
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First short triggered at 1304 (i split my position in 3 : 1304 / 1305.5 / 1307) SL @1312
Commento
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Close BE. Re-split in 2 positions 1307 and 1309 SL@1312
Trade attivo
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Commento
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Close the short at 1303 before weekly close after took some profit on 1288. These days are so unpredictable and keep a position over week is too risky. I will see on monday if no gap up, i will short again $1307.
Go Hilary ;)
Commenti
console
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lets watch it blast threw your resistance at 1307.41
purpurato59
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I'm sticking to this ! No longs for me for a while :)
Cornhub
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we love u Pixi~
Marvin
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So you're long now? Sorry hard to follow!
pixi
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Short 1307 as explain in the chart and summary. I don't think it's too hard too understand ;)
Marvin
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Yeah well I do
usta
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You're really great. You're the only person I know whose forecast perfectly fit!
VirtualFax
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To be honest, I can't figure out the significance of retracement to specifically $1,292 zone and why that would be a long signal in your eyes. So sharing your logic would be really appreciated.
However, I believe we have a fairly good chance of such retracement at some point today anyway.
Lastly, I'm long biased on Gold in general but, nevertheless, will still be hedging. As a result, I'm thankful for the effort you put into sharing your ideas as they help me to better pinpoint the hedge entries.
pixi
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1291/1292 is for intraday. Just a scenario, but these days are so volatil ;)