Gold 13-Jul, 2017: Retracement long before Wave 3 bear
Do check the related idea for Daily chart. This is retracement plan. If A wave makes another high on H1, the retracement I expect is a zigzag. Risk is high selling B wave down but 1215/16 should be bought up quickly because C will be aggressive if that level is touched. I'm only buying the C wave and selling off its high.
Catatan
July 17 NY session: 1242/44 is a worthwhile short scalp.Catatan
...if scalp shorting, keep some 1215/16 longs live for more uptrend.Catatan
July 18 NY session:I maintain bias to zigzag correction on daily based on both patterns and the momentum. Its still too early for Wave 3 bear down and daily A is showing 5 waves nicely.
Attached is just a forecast update - Daily B correction don't necessarily need to hit 1226, but if it does, its a good spot to add longs. Daily C only need to go beyond daily A for a zigzag to complete so be aware of truncation.
Trading ditutup: target tercapai
I'm quite happy with 1254 TP. Frankly I'm looking to short now.
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