pixi

One more wave up

FX:XAUUSD   Emas/Dolar U.S
81 1 5
H4 channel with an inner bearish AB=CD (0.447/2.236).
On lower time frame, we have a nice bat bullish that could push price to the previous high (1126$) in order to complete a shark bearish .

If gold             reaches this price on monday, i will waiting a retracement till 1119/1118$ to go long with 1145$ as target.

On the other hand, if prices drop below this channel, we should reach the 1090$ zone.

In all cases, the general trend is still bearish and i think gold             can't go higher than 1150$ before a drop to 1040$ (or 980$)

Edit : in the chart the BC             leg is not correctly connected with the purple line
My stop is at 1133, if it reaches your shark PRZ I'll short again.
Balas
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