elevatedinvestor

XAUUSD Update from the Friday Level

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Price opened perfectly.

The Asia session droped straight down to take out the stop losses from friday...i'm referring to that buy move that happened just above $1931.

When I give levels...wait for the line to get hit!

Right now we are still watching.

We have a shark pattern that has already completed. I'm just waiting for our level to get hit. If the shark has divergence Ion it's final leg and we get a nice candle or two. I will buy on the 1 minute timeframe with a 50 PIP stop loss.

I'm looking for the banks to protect the positions they built at $1926 last week.

We also have a gartley pattern completing in the shark zone as well.

I'm hoping for a major reaction

WE HAVE AUD NEWS DROPPING TOMORROW NIGHT!

AUD effects gold. I'm look for TP to get hit tuesday night. When/if we enter this shark I'm hoping price goes our way during lond open then buy 11am tmrw we break $1947, if we can get above that we should be golden...literally.

SORRY FOR THE TYPOS. I GOTTA GO TO BED. I have a limit order sitting at $1931.80

I think price will drop 20-30 lower but oh well, i can't be there to babysit.


GOOD LUCK

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