vox-populi

A little scalp action on Gold! (XAU)

Long
vox-populi Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Just a little something I'm looking at from the backseat of my Lyft :)

Nice easy quick play I'll take here.

Good luck.
Comment:
If it dips much lower than 1910 don't take it. You can always get in if we bounce in a few hours from a few dollars lower. But, it really shouldn't, so if you're not experienced, wait, and watch.
Comment:
Like I mentioned on one of my last XAU posts, notice the first 15 minute candle touching target 1. Institutional profit taking. Big indication our idea here is accurate and a great indicator that higher targets will be accurate also. We're onto them =)
Comment:
The instant big wick and drop is from algorithms taking big profits, creating a panic sell reaction from amateur traders, who then get washed out again by algorithms still set to up.
Comment:
This is why we split trades into three - take your normal position, mark 3 orders 1 / 3 of that size. Execute them all, and set three targets. That can be used in many different ways, it's easy here with the harmonic targets.

With these high probability scalps, you're almost guaranteed the first target - if you have charted correctly. Now, the first trade will get put you in profit there, with the next two on rolling stops, it's literally impossible to fail.

I really did think we'd see target 2, but the 15 minute chart always gets crushed by fundamental news.

I've seen enough of Donald Trump's Twitter feed in the last year to last me a lifetime - and I've never even had a Twitter account 😄
Comment:
Not sure what happens here now exactly, but all I can say is I won't be looking to sell gold at all any time soon.

We're looking for buys and targets here. No selling. Gold is nearly done with a correction and I believe we will be seeing new all time highs that will make your socks wet.

Is that a phrase? Well it is now.
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