The setup for gold was good for 80 pts/pips so far.

Coreg's EW+HP+D/W Range

Absolutely outstanding day. Enjoy.

Coreg's EW+HP+D/W Range

Abeylyn, that's why the first task is to choose the setup time frame, whatever your preference is: weekly, daily, 4H, or 1H. Analyze the market on the TF of your choice, mark AOI (support, resistance, S/D zones, liquidity, order blocks, whatever). ...

Coreg's EW+HP+D/W Range

1.3428 back in play...you never know, as long as C @1.3253 holds.

Coreg's EW+HP+D/W Range

Gold reversed nicely in the exhaustion zone (the yellow box) but might struggle to break out of the supply zone at 5155-5184, if it gets there.

Coreg's EW+HP+D/W Range

GU after hitting the reversal zone (the yellow box with S2), trying to close the gap. image

Coreg's EW+HP+D/W Range

Not too much change with the DXY from my last warning. Still has a problem overcoming the 99.50 level

Coreg's EW+HP+D/W Range

Is gold going to recover from this ugly bearish engulfing bar on 1H TF? image

Coreg's EW+HP+D/W Range

The market didn't cooperate and reversed before reaching 1.3428. Is GU going to close the gap?

Coreg's EW+HP+D/W Range

... image

Coreg's EW+HP+D/W Range

update...

Coreg's EW+HP+D/W Range

Again, the Oanda.com platform is down. Do you have the same problem?

Coreg's EW+HP+D/W Range

If the ABC pattern is in place ([email protected]), we should target 1.3428-1.3482. My platform was down, but I was just able to go online.

Coreg's EW+HP+D/W Range

Resistance zone 1.3360-1.3372 (again, PP, NY Open, YCL) GU printed ID yesterday, so one of the ends, YH, or YL, should be taken out today. image

Coreg's EW+HP+D/W Range

Strong support zone to overcome between 1.3356 and 1.3345, containing 3 levels (YCL, NY Open, PP) image

Coreg's EW+HP+D/W Range

It might be tough NY session b/c GU already made a 100-pip move (100% daily ATR(14)), although the AB=CD pattern is not yet completed.

Coreg's EW+HP+D/W Range

The Dollar Index is at the resistance zone. 99.50 is the level to watch.

Coreg's EW+HP+D/W Range

The weekly low @1.3440 was too strong to be overcome yesterday, and during the Tokyo session, GU gave us a short entry. Now, all eyes are on 1.3344, an important prior swing low.

Coreg's EW+HP+D/W Range

Closing below 1.3344 on the daily chart opens the door for a bullish bat pattern (at least 1.3195). Wow...

Coreg's EW+HP+D/W Range

Miti, I haven't touched the EU since last Thursday, but on the daily chart, 1.1611 is the target for the AB=CD pattern if the Euro gets there.

Coreg's EW+HP+D/W Range