DiNapoli levels COP: 1199.55+(1303.62-1046.23)*61.8%=1358.61 (R) AB=CD pattern: 1250.11+(1315.48-1199.55)=1366.04 (R)
1315.48/1276.36 1299.53/1260.41 This is the perfect AB=CD pattern.
If D=B-A+C,so D=48.19. Pivot point S3=48.08
COT Report: Non-commercial net positions :-59656 commercial net positions:+65030 Nonreportable net positions:-5374 XAUUSD short trem trend is still bearish.My plan is:sell stop@1199.5.SL:1203.TP:1175&1145.This plan the risk/reward is quite good.
AB=CD symmetric wave completed.Resistance area@1271.4-1266.6.R1@1260.8. My plan short@1260&1266,SL@1273.No TP!