faylee

Bitcoin and Gold

Long
faylee Mis à jour   
FX_IDC:XAUUSD   Or / Dollar Américain
Just notice that since after G20(Sep 4-5,2016), Bitcoin are moving strongly on the contary to Gold trend.
Now Bitcoin is facing retracement, will gold bounce up?
Take care of $1200-1205 resistance.
Transaction en cours:
Cross channel supported.
Entry: 1129
Tg1: 1143
Tg2: 1180
Tg3: 1200
Commentaire:
1st Tg 1143 hit
middle term tg:1204, but take care for short term resistance:$1157, if break out $1150
Commentaire:
broke out 1157, heading to my 2nd tg:1180
Commentaire:
Update the wave count
Commentaire:
Likely will bounce, take care 1156-1157resistance, if it holds, will retrace deep, tg:1141; once break out 1158, continue to go north
Commentaire:
To scrutinise individual foreign exchange would probably limit alternative investment opportunities for Chinese citizen, some may buy gold to hedge the devaluation of paper money.
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my long term view for gold
tp1:1204
Tp2:1280
Tp3:1530
Commentaire:
Commentaire:
go,go,go...$1179 hit, approaching 2nd tg $1180
May consider of profit taking now
www.tradingview.com/chart/DliMg9C0/
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So far, i cannot make sure if A wave has compeleted by "abc" or will go to "e". Next week watch 1166-1167. If supported, will be possible to test 1200 for "e" wave; once broke 1165, will retrace deeper 1150 or even to 1137 for B wave.
Commentaire:
Updated chart in 4H. It's a general view of the trending.
once broke out 1186, then go for E wave,tg: 1200
(A) will be completed by A-E, from 1122 to 1205ish
After that will retrace for (B) wave. tg:1140-1150(to be confirmed)
Commentaire:
Update daily chart for next tg:$1200, hit $1198-1199 exit
Commentaire:
Long entry at 1178.7, it's a bounce in short term, but if the AB=CD pattern available, possible will be reverse. tg: 1184 in short term, once broke 1188 will possible to touch 1200
Commentaire:
Approaching TP3$1200, I took profits for long positions at 1198, as plan.
If 1200 is the ending of wave A, then, 1160 is only 50% fibo retrace level. can be 1152 for 61.8% level, or 1140 for 0.786 level.
Should be aware of the three things:
1) So far I cannot tell if $1200 is the top for Wave A, even when i took profits at 1198;
2) Once $1200 was confirmed as the top, i still cannot make sure how deep it will retrace(fibo 50% or 61.8% or 78.6%?);
3) Don't be supprised once it it break out $1122.
We need to cfm step by step
Trade fermée: cible de profit atteinte

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