Gold hit the objective for today, but doesn't want to give a retracement.

Coreg's EW+HP+D/W Range

GU took out the BOS level on the 4th attempt and completed the bearish bat pattern. Support/resistance zones on the chart.

Coreg's EW+HP+D/W Range

It might not be smooth. image

Coreg's EW+HP+D/W Range

Miti, the risk is significant so far; I divided the zone into shallow and standard retracement.

Coreg's EW+HP+D/W Range

Potential play in gold if the support zone holds.

Coreg's EW+HP+D/W Range

GU is between a rock and a hard place right now.

Coreg's EW+HP+D/W Range

Much higher. However, I'm not overly concerned about the risk-to-reward ratio because I'm focused on day trading. I aim to capture 30-60 pips per day during the New York session, not necessarily from a single trade. There are days when I may end up ...

Coreg's EW+HP+D/W Range

mhmdghaeni, it was a matter of time because GU hit important numbers for the day. DRE, HP's, although I wasn't expecting such a run to the upside. The prior day range is my bread and butter for day trading. image image

Coreg's EW+HP+D/W Range

Who said it is impossible? Edit. I updated chart.

Coreg's EW+HP+D/W Range

One piece of good news can change the perspective on the intra-day direction. Expect the unexpected.

Coreg's EW+HP+D/W Range

Miti, what TF? On the daily TF, we still don't know if wave (c) is done. When the swing low/high is broken (4103.5), I look for 127.2-161.8% extention as my targets. In our case, it's 3893-3625. Sure, it doesn't always happen, and the swings are ...

Coreg's EW+HP+D/W Range

Gold update. Gold futures almost touched the level @ wave 4. Spot is lagging. image image

Coreg's EW+HP+D/W Range

Targeting zone for bullish Gartley pattern @1.3331-1.3318 image Scratch it. AB=CD at 1.3318 is the target. The top of the ozne was reached when I wrote the post.

Coreg's EW+HP+D/W Range

gold intra-day 30M TF.

Coreg's EW+HP+D/W Range

GU makes the second approach to take out the 1.3411 level.

Coreg's EW+HP+D/W Range

Gold has reached the zone for a bullish bat pattern. Don't rush with counter-trend trade. Be sure HH-HL on your trigger TF were printed. If the zone fails the next target is the test of wave 4 @3886...ufff

Coreg's EW+HP+D/W Range

The drop was quick, but bears after the NY Open worked hard for 3 hours.

Coreg's EW+HP+D/W Range

Maybe, just maybe, the HOD is in place.

Coreg's EW+HP+D/W Range

1.3300 level held nicely, and GU is in the zone for the end of an ABC corrective pattern. Wave C high is @ 1.3435. image How to find the zone for wave C? image

Coreg's EW+HP+D/W Range

Euro was weak all week, staying below WCL @1.1662 image

Coreg's EW+HP+D/W Range