Bull rally retracement still in progress

29 Eki 2016

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.

1 Kas 2016

İşlem aktif

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.

2 Kas 2016

Not

Stopped 94 / Wait 1307 for short
Long if price pullback 92 before

2 Kas 2016

Not

First short triggered at 1304 (i split my position in 3 : 1304 / 1305.5 / 1307) SL @1312

2 Kas 2016

Not

Close BE. Re-split in 2 positions 1307 and 1309 SL@1312

2 Kas 2016

İşlem aktif

5 Kas 2016

Not

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 ;)