Another setup for gold

19 Eki 2017

Hi,
With some volatility before and after Japan election on next sunday, i'm expecting large movement on Gold (highly correlated with yen)
All patterns are on chart.

I added long on 0.618 retracement with confluence of inverted AB=CD pattern at $1277.
TP $1298 to reach the bearish trendline and to complete a bearish inverted AB=CD pattern.
Pullback to $1270 to complete a bullish gartley in order to confirm the low made in early october.
Then, start of CD leg to complete a bearish Bat and fill the gap opened in early september (PRZ between $1345/1350)

Below 126x, just forget ;)

19 Eki 2017

Not

Short term bearish shark.
Took some profit.

Waiting retracement to $1282 for 5-0 and retest structure.

20 Eki 2017

Not

$1282 has been reached.

From now, 2 options from my side to complete the gartley :
Today gold drops until $1270 and should open with an gap up on monday.
Else, gold reach $1298 until close and open with a gap down on monday to reach 1270$ to complete the gartley.

In both cases, i think 1270$ should be reached to push prices to the north.

Again, below $1260, just forget :)

23 Eki 2017

Not

Entering PRZ.
Starting to add long.
SL Below X.

24 Eki 2017

Not

Added long on Bullish Bat.
TP1 - Bear Gartley around $1287

24 Eki 2017

Not

TP2 - Bear Crab at $1302 + Previous structure

26 Eki 2017

Not

$1269 hitted.
AD leg with inner Bullish 3 drive.
Added last Long.

27 Eki 2017

Not

Updated idea here :