XAUUSD (Gold) - NFP & FED Trading - Intraday - Elliott Wave

XAUUSD (Gold) - BUY Orders

Aggressive Entry @ Market Price (approx. 1505.00) with SL @ 1490.00

Moderate Entry @ 1495.00 with SL @ 1475.00

Many pips ahead!

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交易开始

注释

Stops placed at break-even.

Risk is now 0!

Pfiu ... :)

Now let's see if we can make some money.

注释

Advanced stuff.

交易结束：到达止损

OK, so I got stopped at BE.
NFP cause the spike, but FED caused the fall.

注释

The coming week will be crucial for XAU!

If it continues lower in an impulsive manner, then a correction would pave the way for a big sell-off.

However, there are still chances for a "clumsy" continuation within an Ending Diagonal, should XAU manage to bounce next week.

* In case of a breach, then the lower trend-line would act as the rejection zone and the sell-off entry.

* In case of a bullish impulse, then the Diagonal would be in play and the 1565-1585 zone should give more signs for the reversal.

**Note that 1585 reflects Sep 2011 and Dec 2015 Fibonacci Retracements, the Golden Ratio 61.8%.

Let me know if you guys agree or like this view.
Many pips ahead!

注释

In case of a bearish continuation, I will be ready.

交易开始

Went on an intraday long with XAU.

注释

XAUUSD structure implies a bit more down-side before a bullish sequence.
Important to watch how that one unfolds.

注释

Bullish divergence is definitely there, but the current intraday structure could reflect a triangle, making one more dip possible, then a spike on the up-side.