next stop on gold, after 1835 is cleared is 1780, which is MP.

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EU gameplan. image

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XAU USD (gold) is doing a rejection of weekly pivot on hourly timeframe, once rejected (WP is 1850) and below 1835, I'd take a chance to load up more shorts.

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Caching, good spot on move, went according to the plan, I sold @ 1887 and took profits @ 1827. Now waiting for the next leg down, after the retrace is complete. We might reach 1750 soon

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Caching, both targets met, however still I do keep some shorts open, looking @ 5800.

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GU next stop is 5900, just watch it take 6000 out

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EU moved SL to BE waiting for a strong down move to pick pace now.

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short sell GU @ 6017 TP 5827 SL 6107

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short sell EU @ 4166 TP 3800 SL 4250

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I know it's a little late, however (still) here's the High/Low forecast EU/GU for today. I will update tomrw before London open. GU 1.6216 1.6049 EU 1.4251 1.3946

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Here's GU H4. image

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EU I maintain my view, with downside targets @ 4060 initially and 3840.

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GU quick update: 6040 and 5940 is up next, once 6040 is reached we can do a retest of 6180, however H4 clearly indicates more downside. I revise downside projection to 5860-5920 for this week, once we reach that area, I'd look for PA to build a ...

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Nice up to the point thread with clean charts, looks solid, OP keep up the effort!

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GU quick update. Zooming out to H4, I'd like to see PA to test 6000-6040, before we can reverse and probably print 6400-6500 towards mid-september. GU generally is pretty strong during autumn period, for seasonal reasons. Let's see if a significant ...

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image XAU USD update. I'd be looking at scenario, where PA gets rejected according to the chart, and look for a clean break of 1870-1880 to go short with a TP in strong support zone, which is 1740-1760 area.

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Looking at EU, big question is will 4130-4160 hold, or will PA slide through this price area? If PA build base for reversal in this area, Id look to go long for TP @ 4280 and 4360. However is PA slides through, TP on shorts will be 4060 and 3840, ...

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GU and EU scenarios worked out according to the projected PA on the charts, good day overall.

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image EU action plan

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My take on XAU USD (spot gold). image

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