XAUUSD Looks like expanding flat ABC in making. any extreme retrace also make valid pattern to trade downspike. by previous impulse and fib line, I suspect quick spike to 1144 atleast and then Up. Any thing below is dip buying.
I do not call for short at this levels. just watch and do the dip buying. larger trade is upside.
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This could be another alternative during FOMC spikes
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first 15min close very much close to our target 1144.
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1144 Done
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I think this is good snapshot to take. We did 1140.
交易结束：到达目标
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lets not get greedy. we got 1139 very near to 1136
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Clean 25$ I suppose. I still believe that it will consolidate sideways and might continue down. Shorts are dangerous at this points. short squeeze anytime !!
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Serious bleeding Underway . I think tag/break of 1045 on longer term is possible. For first I am expecting bear flag consolidation towards 1160 and then downward continuation. That would be a new chart. Good luck.
@AlphaDreams, Thanks Alpha, learned from the best of TV guys :D
5898928
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if silver is bottomed and already staring C of ABC correction - what gold is doing? Same action lead us to boom lower last times we saw this action.
Can gold still be in downtrend and silver in uptrend?
robus
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@5898928, It all depends on XAUXAG ratio.. relatively one of them get adjusted and then both start in same direction. I think gold is doing bull basing. lets see. if weakness persist we can see new lows. but pending wave is upside.
UnknownUnicorn728136
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Simplest analysis is the best to me. Nice.
ElPatron.Y
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Congratulations
robus
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Thanks ! Quite delighted coming that from you. :)
Toolrun
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Thanks Robus. Nich chart.
PROFALOM
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OK
mamamamax
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hi robus, do you think this will spike down before or after the FOMC?