XAU/USD: Possible bullish shark and 5-0...?

Possibe shark completed, target 50 tot 61.8% ret. of last leg.

At bulish shark target a possible bearish 5-0 may send gold south again.

I'm short from the top (1314), hoping to add short on completion of the 5-0.

Hedge long for now until it completes...

Beware: max. shark between 1287 and 1285 still possible...

Commentaire:

Max. shark closeby...

Ordre annulé:

Max Shark complete but very bearish so no long for me...
If the 5-0 completes I will short, but I doubt that it will...

Commentaire:

Last update on the Shark, technically still possible, no close beyond 2.24..., if it reverses up the 5-0 is still possible, if we get a close below the 2.24 ext. it is invalidated...

Commentaire:

RSI and stochastics heavily oversold so should at least see some retracement coming up...

Ordre annulé:

Invalidated