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Gold Spot / U.S. Dollar
Long

GOLD (XAUUSD)

By Gorbie
Updated
Long from $1206—1176 area.

Expanded flat (a-b-c): c-wave — impulsive structure.
Note
Good reaction here. Awaiting consolidation.

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Book your profit and looking for reversal down with 3 waves at least.
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Trade closed: target reached
Booked some profit. Waiting the breakout at $1300 or reentry at $1232 area.
It's seems like triangle.
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Get the no trade zone. Further we could see any flat:
1) running flat snapshot
2) regular flat snapshot
3) expanded flat snapshot
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Unfolding the last one: expanded flat.
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The expanded flat did the 1st wave in impulsive structure of swing (B).
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Trade active
The next target is $1438
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Entry at $1296 area.
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Trade active
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Added on the dip.
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Trade active
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Here's nice reaction from inflection zone.
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Should see 9 swings in impulsive structure of wave C of Cycle (B).
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Breakeven.
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Waiting retracement.
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Start of the new impulsive wave.
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Trade active
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Heading to $1483.5 at least.
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Focus on divergency between end of X and 2.
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Breakeven. Waiting 1280—1276 for new entry
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Trade active
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Buy only
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Trade active
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Its also can be like this
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Good reaction here
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Took profit here
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Trade active
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Took profit at 1275
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Invalidation level was broken. Heading to 1480.
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Trade active
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Still can do another leg down
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Divergence
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Trade active
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Daily ChartsGoldXAUUSD
Gorbie

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