GOLD H4/DAILY TRADE (SELL)

30 mai 2017

Gold formed mid term bearish Wolfe Wave (WW) pattern (orange).

If successful, it may become a part of a larger yellow bearish WW formation - looking forward for 1295-1300 later.

Recently, opened SELL at 1265.56 SL 1279.04 TP 1238.54

Gl All!

6 juin 2017

Transaction en cours

Minor orange WW was not successful and was closed after breaking the peak at point 5 manually.
Currently, yellow Wolfe wave is reaching the level of potential short entry of 1295-1300.
However, it is possible that the price will start reversing only at sweet zone (1330) later - waiting for the price to make clear peak at point V and the reverse move to be supported by volume to consider any sales.

6 juin 2017

Transaction en cours

Divergence and volume are supporting possible formation of the peak (point V).

8 juin 2017

Note

Shorts from 1291.19 closed at 1285.64. Should have kept at least one remaining position to move SL to break-even. However, it is likely that the price will pullback from its current move and depending on the situation and as long as the yellow WW is not broken, new shorts may be considered.

8 juin 2017

Transaction en cours

The price keeps following the greater daily yellow Wolfewave pattern.
After today's sellout, minor purple bear Wolfewave was formed which is an opportunity for a quick short - entered sells @1276.62/73

8 juin 2017

Trade fermée: ordre d’arrêt atteint

The wave didn't make it, SL was hit.