I, as many, were waiting for lower numbers to be reached with gold. I am bad at closing when full targets not met so I'm posting this to keep me on point while gold may retrace before completing. The funny thing is that I'm expecting a retrace after, of course, when the pattern does complete.
So, I'll check my math since it's always a bit off here in TV but close.
Red FIBO numbers are for the intermediate retrace, if it happens.
Blue is the full retrace after pattern complete if not proven invalid with a deeper gold price.
So, I'll check my math since it's always a bit off here in TV but close.
Red FIBO numbers are for the intermediate retrace, if it happens.
Blue is the full retrace after pattern complete if not proven invalid with a deeper gold price.
Note
Still slowly climbing. Up almost $4 now. Note
Waiting for the fire to start but it could be a slow burn upwards towards news. In past Yellen pre-game we had very slow moves too.Note
My target at .618 fibo off of D is 1342. Let's see. Some are looking at 50, we'll see. I'm long from 1318ish so I have a little breathing room if it dips some. News days are jittery so if you are not in yet you may wait for direction or scalp retrace. My target after is back down past 1315.Note
Note
50% target reached. Closing longs in gold and silver.Note
TP2 was close and began to turn so I manually closed trade. Didn't short yet. Will review this weekend for next trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.