XAUUSD (Gold) - NFP & FED Trading - Intraday - Elliott Wave
Updated
XAUUSD (Gold) - BUY Orders
Aggressive Entry @ Market Price (approx. 1505.00) with SL @ 1490.00
Moderate Entry @ 1495.00 with SL @ 1475.00
Many pips ahead!
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Aggressive Entry @ Market Price (approx. 1505.00) with SL @ 1490.00
Moderate Entry @ 1495.00 with SL @ 1475.00
Many pips ahead!
* If you like this idea, please support it with a LIKE so I can post more.
Trade active
Note
Stops placed at break-even. Risk is now 0!
Pfiu ... :)
Now let's see if we can make some money.
Note
Advanced stuff.Trade closed: stop reached
OK, so I got stopped at BE.NFP cause the spike, but FED caused the fall.
Note
The coming week will be crucial for XAU!If it continues lower in an impulsive manner, then a correction would pave the way for a big sell-off.
However, there are still chances for a "clumsy" continuation within an Ending Diagonal, should XAU manage to bounce next week.
* In case of a breach, then the lower trend-line would act as the rejection zone and the sell-off entry.
* In case of a bullish impulse, then the Diagonal would be in play and the 1565-1585 zone should give more signs for the reversal.
**Note that 1585 reflects Sep 2011 and Dec 2015 Fibonacci Retracements, the Golden Ratio 61.8%.
Let me know if you guys agree or like this view.
Many pips ahead!
Note
In case of a bearish continuation, I will be ready.Trade active
Went on an intraday long with XAU.Note
XAUUSD structure implies a bit more down-side before a bullish sequence.Important to watch how that one unfolds.
Note
Bullish divergence is definitely there, but the current intraday structure could reflect a triangle, making one more dip possible, then a spike on the up-side.Note
Possible more down-side as the last leg before a bigger bullish sequence.Note
Is the Fractal in the blue right or what?!?Note
Bullish Fractal looks promising.Note
Head & Shoulders coming, after the bullish swing.
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