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Gold Spot / U.S. Dollar

XAUUSD** short term analysis

By faylee
Updated
pull back to $1313 or $1321, go short for tp: $1245
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holding shorts from 1313, now take care of below two supports:$1303&1299
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Profit taken for shorts
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short term $1300 has some support
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update chart
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Retrace 1296-1299 go short for next tg:$1259
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retrace 1287-1291 go short for next tp:1268 n 1259
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retrace 1291 or 1295 go short for tg: 1269 n 1259
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heading next two tg: 1259 & 1245
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still no change for the tg:1259 n 1245
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Trade closed: target reached
profit taken
Trade active
short from 1279-1280 again to 1272-1271
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it moved a little bit stronger than i expected, the tg move up to 1275-1273.
I won't update chart for wave count here, if you need updated chart, pm me, i'd be glad to present.
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broke out 1273 will test 1251.3
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should wait for clear signal, if you are not willing to take the risk of loss
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1295
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it's a diagonal triangle, looking for down?
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UJ likely one more leg up
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it could be a 2B pattern, waiting to see
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Took some profits for short positions at 1288.3, from 1305.6,1295,1290, 1289 already 170+pips!
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still holding a little short positions from 1305.6, and waiting for a bounce to add more shorts.
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moving along our expected EW pattern, 2B pattern also appeared as we espected on Oct 13. Retrace 1292-1295 go short for next tg: 1261-1252-1245, i am still waiting to see a retest to 1200 level at the end of this year.
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added new short. the short position from 1305.6 was hedged at 1278
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we caught short from 1313, 1305.6, 1287,1289 up to now totally 1000 pips already!!
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short term got some support at1273, hedged some longs for short position, likely will retrace 1280-81
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From 1273 to 1281, hit TP and took profits for 1/2 longs, 80pips, we also had a successful hedge from 1262 to 1276 took profits for 140pips.
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pending short at 1281 was active, when sleeping.
Trade closed: target reached
1281 shorts already took profits
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hedged again
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hedged long positions look nice, i am not often hedge before, but this time i do. i'd said it's depends on the situations we're facing, nothing relate with analysis, it's only strategy for trading.
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pm me,if you want my updated strategy for gold.
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once go back to below 1274, will add more shorts for next target:1247.95, further target 1214.77
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ETF--SPDR Gold Trust reduced 1.18tons in a day.
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11.11 gold n silver discount?
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took some profits and holding some for mid term target.
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$1270 reached perfectly
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our calculation is 1269.81 two days ago, so match
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shorted from 1295 in yesterday already 130+pips!!!
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250 pips!!
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1270 resisted, short for next target 1257
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Wave AnalysisXAUUSD
faylee
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