jsam2877

jsam2877

Short retrace to the 88.6 level then back up

jsam2877 Updated 

.75 fib

jsam2877

.75 fib level

jsam2877 Updated 

Here's why..... Recent $ strength has lowered price but long term HTF trend is up. $ is still in my opinion and recent moves up were simply a retest. Now heading down and pushing gold price up. 2791 pips downside for the $ predicted, hitting 16/12/2014 daily down Institutional Candle (IC) then reverse to the upside. This subsequently means 2791 pips profit for...

jsam2877

I still think DXY has more declining to achieve before a reversal to the upside. Therefore XUAUSD has more upside momentum! As illustrated in the chart I believe it will at least reach 1900 before a reversal or maybe price will continue to ATH however, my target is 1900 for now and I'll be watching closely as it reaches that area for possible sells of more buys....

jsam2877

Short at 1900

jsam2877

Had this marked up from the 17th Dec. Missed my entry slightly Nice pullback and re-test. Based on 30min Institutional candle from the open. Fib from the 30 min IC to the previous high (before the new high formed) and the 75% aligned up beautifully with the open of the POI candle at 1855.65. Imbalance needed to be filled so had to come back down to test....