Miti, the harmonic pattern setup can be similarly done on the 4H TF. Will do the chart later. image Added. The choice is yours. image

Coreg's EW+HP+D/W Range

Miti, atm, yes. It doesn't look promising, especially on the weekly TF, but...impossible is nothing.

Cable Update (GBPUSD)

Whale, yes, but I trade gold futures. Setups are the same for either gold spot or futures.

Coreg's EW+HP+D/W Range

Gold is a fast-moving market. You need to decide in advance whether to trade the current day's swing or a more extended swing, such as 4-5 swings. image image

Coreg's EW+HP+D/W Range

Gold cooperates so far with my wave count. The first support zone is between 4220 and 4212.

Coreg's EW+HP+D/W Range

Miti, if the GU closes above 1.32486 on the daily chart, my waves count on the daily TF is incorrect, and GU makes a different pattern. On the 4H TF (your chart), if GU pushes through the trend line, BPC (breakout, pullback, continuation) is in play. ...

Coreg's EW+HP+D/W Range

Miti, I'm ok. Thanks for asking. Yeah, it seems that big fish know we wait for this level to hit.

Coreg's EW+HP+D/W Range

Be aware of the possibility of shallow wave 4.

Coreg's EW+HP+D/W Range

Retracement took GU to the resistance zone on the intraday chart. GU is still making LH-LL on this TF.

Coreg's EW+HP+D/W Range

fex, yeah, it seems the bulls couldn't wait to jump in. Usually, the move during the day is within 2 PPs levels. Today it was from PP to S2, and reversal.

Coreg's EW+HP+D/W Range

Yes, the 4158 level was taken out easily. As of now, gold has reached the resistance zone, but it may not be over yet. #'s on the chart.

Coreg's EW+HP+D/W Range

To clarify what bearish bat pattern I was talking about in my prior post.

Coreg's EW+HP+D/W Range

The potential zone for the end of wave 4 @ 1.3187-1.3241 is holding strong. On the daily TF, GU reached the first support zone @1.3123-1.3101. image For the day trading 30M chart. GU hit the second target @1.3110 after a bearish bat pattern. As ...

Coreg's EW+HP+D/W Range

The flag pattern on 5M was the warning. image How does it look on the futures gold chart? image

Coreg's EW+HP+D/W Range

update...

Coreg's EW+HP+D/W Range

The market is moving quickly on this TF so any chart will be delayed.

Coreg's EW+HP+D/W Range

Gold keeps giving. Weekly target @4158, but it doesn't mean it has to stop there. image Updated PP level.

Coreg's EW+HP+D/W Range

The 38.2% retracement level @1.3187 was too strong to be taken out on the first attempt. Watching how GU will act around PP @1.3168

Coreg's EW+HP+D/W Range

Gold entered the zone for the end of wave v.

Coreg's EW+HP+D/W Range

Finally, gold overcame 4045.75. It took a while. Now all eyes are on 50% ret—@4132 level.

Coreg's EW+HP+D/W Range