3rd week of Aug, (FOMC week)

Usually, I don't post my ideas on Monday, but here it is. Price has aggressively moved for correction which has broken rising wedge pattern. It is hard to gauge where gold bounce. It could range from 0.5 to 0.786 area. The only clue is to see candle close.

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Some short scalp idea...

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Short Scalp entered and TP hit..

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There are still rooms for a drop imo.

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Watch this triangle.. More pullbacks or reverse up?
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We are at the LONG zone now... ;)

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Safe SL is below 1249 imo.

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Can shift SL to BE now.

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I have multiple long at my Telegram chat. Even caught the low 68. This is what I see until end of this week. Final hurdle is yellow box.

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Watch the candle..
s3.amazonaws.com/tra...shots/x/XIrqZJqx.png

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:) Bullish flag is tested to be broken upwards.
s3.amazonaws.com/tra...shots/e/ewM0EFXt.png

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Bull flag failed... :( may retrace deeper. Can't comment much right now. Just watch 1h and 4h close for clues

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Continue making the flag. The longer the flag, the higher it propels.

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s3.amazonaws.com/tra...shots/r/RG37gtZX.png

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Just remember, if it doesn't break the upper TL, bull flag is not completed. Just stay put and observe. I have taken some profits as well from 68,70,74.

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On point! More to come before week close.

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1300... See you guys next week. :) More space to go.

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Let it break the stalemate.

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