Scalp long into short

4 Jul 2017

Watch out double bottom.

4 Jul 2017

Nota

Updated chart with details:


I'm still long 1218/19/22 waiting for Bear to give impulse move or SL breaks.

If Bull reach 1230 target then 1230-$15 plus plus (recalculation needed for precision). If Bull SL breaks then target is 1226-$15 = 1211.

5 Jul 2017

Nota

Long's done.

Shorting retracement:

5 Jul 2017

Nota

Target is 13 - which is just under previous daily cycle low. Perfect.

5 Jul 2017

Nota

Divergence setting in but I doubt daily cycle is over. So I reckon gold's in Wave 2 of 5 of 5 - double or triple flat in progress and next down move during asian session. Still holding shorts waiting for 1214 snipe or double bottom off bull impulse.

5 Jul 2017

Nota

This is what I'm tracking:


Actual fib targets need recalculation also. Could be 1213 or 1203 tbh.

6 Jul 2017

Dagangan ditutup: hentian tercapai

My shorts stopped out and now only observing.

Facts are: 1228 to 1217 = $9 was wave 5 of 5 completion for last leg. Move was 60% of $15 target indicating weak bears.

Also there appears to be a bull impulse forming. Just waiting for another high, retrace and hold for for real bulls to enter the market. If gold keeps side slipping breaking stops on both ends probably ending diag.