Whilst the cat is away (inflation)... the mouse can play

What is the trade here?

We are outguessing the end of a pullback within a pullback ... there is another leg down within this 4th wave in the sequence, with heavy resistance coming into play at 1325 the downside is wide open.

We have a window of opportunity with inflation softening and risk fading via Mueller to complete a pullback as far as 1255/1260..Tracking very carefully the coming sessions in Gold.

Thanks for all the support with likes and comments etc.

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Super moves here for the open.. well done shorts

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An update on the H4 chart

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Entering waterfall mode here

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Superb moves here, well done all shorts!

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Sharks fully positioned for NFP .. eyes on 1260

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Clearing first targets at 1275... well done shorts!

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Some mild profit taking being done here, not expecting a meaningful floor till 1260.

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Tracking the final crumbs here for 1260 this week

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After Fed we are needing to clear 1260 before European inflation tomorrow...

Trade closed: target reached:

Close but no cigar... no point in holding it for any longer. Well done all still riding it!