UnknownUnicorn540299

Gold: Corrective sequence: Sideways or down?

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UnknownUnicorn540299 已更新   
OANDA:XAUUSD   黄金现货/美元
25
We are close to getting a trend-alteration with most likely sideways movement until June.
Look for price behaviour around the yellow line. If it goes significantly below that line, it can get ugly. When price touches the yellow line for the second time, it is time to load up longs with reasonable stop-losses if you are a gold-bull like I am that has 1592 as target.
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Good, good, good. Yellow line holds. For now.
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Monitor to enter long if yellow line holds!
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Yellow line broken, monitoring close. This has a potential for a uglier year for gold than first anticipated.
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There won't be a consolidation-like pattern playing out in the range like anticipated by the green outline as we broke down from the yellow line and we are getting a close below it. Rest of the year is now up to the dollar. I will do further analysis. Miners' bear story did again play out and I anticipate sub 1200 in this "cycle" before we get any meaningful bounce.
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Further analysis shows that there is one remaining hope still for the consolidation scenario, applying this channel to the area.
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Close above 1224 is a good indication of the beginning of a reversal. Swing low zone is 1228, but Rome wasn't built in a day :)
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Close above 1228 is further indication that daily cycle low is in
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Playing the game of consolidation. In the mid-range of the activities atm. Positions to be taken on the top or bottom, not in the middle.
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Entered short at 1278.5. Looking to add at 1283 - 1285 - 1290
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Monitored PA and entered second entry at 1289.
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Idea is still valid, but timing on move a bit off. This is what I find more likely regarding timing and crossing.
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Intersection between orange circle and gann level is 1207 ish.
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I am quite sure we get an election spike reversal like Trump-election day tomorrow.
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However, with a smaller spike up of course. But the candle can be ugly :)
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Churn churn churn. Trend should be changing.. But to what, that is the question. We have intersected the orange circle now, but we havent touched the bottom channel. This latter part makes me a bit sad.
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1207 is reached. Long position entered.
交易开始:
Red outer circle reached. Let's get this breakout that we all have been waiting for.
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We are almost clear of the hurdle, but play it safe here as we approach weekend.
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By taking the top, and align it with consolidated candle and mid-section 2016 Dec low, we get the following:
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