All eyes on CPI data and the first target of the Gartley pattern @1.3423...if we get there.

Coreg's EW+HP+D/W Range

... after Friday's ID bar on the daily TF, gold reached 200% DRE with ease.

Coreg's EW+HP+D/W Range

GU is still trading under PP and sloping down TL. If taken out, the first target is AB=CD pattern @1.3427

Coreg's EW+HP+D/W Range

navk, just stick with your playbook. At the end of the day (Friday), a long trade setup showed up on all intraday TFs.

Coreg's EW+HP+D/W Range

If gold breaks WL @4022, bulls will be in trouble. image

Coreg's EW+HP+D/W Range

Target #1 during the NY session was reached in GU.

Coreg's EW+HP+D/W Range

Nice end of the week in gold.

Coreg's EW+HP+D/W Range

Heavy hitters were buying @4080.

Coreg's EW+HP+D/W Range

Bulls defend the 4092 level to keep the retracement shallow. image I fixed the DRE zone.

Coreg's EW+HP+D/W Range

After a single-leg retracement yesterday, GU made a higher high on the 30M TF, reaching a higher level in the resistance zone on the daily TF @1.3450-1.3467. image A potential drop to 1.3395 may not be easy b/c GU is still above WH @1.3385. image

Coreg's EW+HP+D/W Range

Nice. Congrats. The BOS @4117 (interior) is broken, but bulls need higher C. 100%ATR is @4164. Maybe it's too much to wish for today.

Coreg's EW+HP+D/W Range

One piece of good news for bulls. Gold challenged the 4117 level. But bulls are not yet out of the woods.

Coreg's EW+HP+D/W Range

A potential ABC correction in the making. image image

Coreg's EW+HP+D/W Range

... image Added. When the price enters the "yellow box," look for a reason to go with a counter-trend trade. image

Coreg's EW+HP+D/W Range

As long as it holds, it is valid. Still holding one contract, I know, I'm stretching my luck.

Coreg's EW+HP+D/W Range

Miti, it was level, obviously watched by 1000s of traders from all over the world, with many sell orders there, so they made us chase the price. I hate these front runners entering trades before my zone is reached.

Coreg's EW+HP+D/W Range

A potential LOD in place.

Coreg's EW+HP+D/W Range

...

Coreg's EW+HP+D/W Range

A potential scenario for how interior retracement can unfold if the low @3943 should hold.

Coreg's EW+HP+D/W Range

If gold follows a 1-5 pattern, the minimum expected target for retracement should be between 4307 and 4419, according to Elliott Wave theory. To understand how this retracement will unfold, we need to monitor the lower TF. image image

Coreg's EW+HP+D/W Range