GlobalMacroGuy

Looking for Gold Reversal ~1118 on EW completion

Long
GlobalMacroGuy Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
One big reason why I bailed out of my Long yesterday other than the obvious lack of price confirmation and the weakness in the Euro is that moves that start with sharp movements often end with sharp movements and not dull slow bottoms. EW people will simply see this as a Wave 5.

I am looking for supportive price action around ~1118 which is a great support zone coming up.
Trade active:
LONG @ 1118 GCZ15 reached

No TP yet, looking for snapback.
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.