Gold Spot / U.S. Dollar
Long
Updated

100% bull - Once in Blue moon

3231
You never get this chance again. The bull setup before FOMC. However it's advisable to take position on Wednesday Comex section. The Bear and Bull wave are moving in same direction next week. They should diverged between 1345-1357 area. Trade safe ..! We have three more trading days before FOMC release and that should be NO change in rate hike :)

We should see price below 1302 next week and I placed a buy order @ 1302 to secure a position trade in bull momentum. Exited 3 of 4 short positions @1309 from 1352(1of2),1333,1322. Currently running one 1352 positions targeting 1180 this should be covered around 1302 next week :)
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It's Big day today...! Here is the direction of the day
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We are now 24$ up from last dip. another 10$ more which is around 1274 is the key resistance for wave 4 :)
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Resistance 1..! let's see whether it break or not
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Stick to previous pattern ABC no Triangle here :(. Let's dive. New Week, New Strategies
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Shall we get better than this? I doubt.. ! :)
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Volatile gold is good. We found nice spike on Friday and sell OFF. We still not reached COMEX close 1273, which invalidate 5 wave count. So I expect the C wave is not yet finished and expected to finish the target of 1286. It's good to long on Market opening..!
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