EL-Emcee

EL-Emcee

Yo! So last one posted we smashed TP big time! I’m now looking for a sell position on 1833-1836 Using 50 pip SL 1840.44 Going for all the below key levels! Let’s see how it plays out. I’m hoping for a return to the bottom for NFP tomorrow weak dollar and more gold strength!

EL-Emcee

Yo! After that news yesterday gold melted 360 pips. That took away our HH HL on H4. Right now we have a INverse Head n Shoulder pattern which made gold rise. We profited 110 pips on that! Our next move is looking to buy this support around 1812.88 - 1810.55. Levels using the SL above. Hunting for levels 1816-1818-1830-1824-1830 maybe. Let’s see how this...

EL-Emcee

As you see we came very close to SL risking 17-20 pips and we avoided it and now we are carrying 40 pips profit. You can do what you want here. But we shall go for 1852-1855-1858-1860-1862. Let’s see what today brings. Becareful of news today! Important speech is coming later on today!

EL-Emcee

Yo! So previously we hit TP on our trade! What I’ve done now is taken a buy position risking 17-22 pips. For a potential reward of a 1:6 targeting max TP 1863 area. There are plenty of TP’s before this. With such a low risk I’m glad the reaction from my zones is in motion. This is speculation and anything can happen. This will not negate our previous HH HL...

EL-Emcee

So here we are now creating a HIGHER LOW by the looks of things. What this tells me is there is still bullish pressure until we break 1839 area We are looking for 1847-1843 BUY ZONE using a tight SL of 40-60 pips at 1838. NFP Friday will likely see a stronger dollar so I expect XAU to touch 1863-1867-1871 before dropping back down. This is all speculation. We...