May 2019: Gold Bearish and Bullish Setups

24 мая 2019 г.

As per chart I'm biased downtrend because of the X wave into latest A wave. Then a major uptrend into downtrend. Invalidation is if price travels above A, in which case, the larger downtrend will come sooner than later.

24 мая 2019 г.

Заметка

Correction: Invalidation is if price travels above A

should be

Invalidation is if price travels above X

27 мая 2019 г.

Заметка

My tentative price to short is above 1291.3. So 92, 93. May not reach 94.

28 мая 2019 г.

Сделка активна

I shorted average 1279.50 and will keep adding short every dollar up. Target is 1253 for now.

30 мая 2019 г.

Сделка закрыта: достигнута стоп-лосс цена

My 79-85 shorts were stopped out. I’m scalping longs now and waiting to short above 87 levels. Gold still on downtrend so will publish chart with updated count.

4 июн. 2019 г.

Заметка

I didn’t have time to publish new idea so posting update here for future reference:

This scenario is now in play:
“in which case, the larger downtrend will come sooner than later.“

As per my previous Monthly chart analysis the downtrend should be in play until 2020. Corrections won’t be as volatile as 2011-2015 downtrend.

4 июн. 2019 г.

Заметка

Short trade entry based on:
1. C = 300% extension of A.
2. Daily closing prices are potentially responding to 61% reverse extension pitchfork.