Do we get a bounce off of TL @1.3290 and push up to 1.3341? image

Coreg's EW+HP+D/W Range

Gold hit 182.50 ATR for the day.

Coreg's EW+HP+D/W Range

Watch the PA on the smaller TF around TL.

Coreg's EW+HP+D/W Range

That's what I'm saying: Timing in trading is everything.

Coreg's EW+HP+D/W Range

image

Coreg's EW+HP+D/W Range

Whale, do you have a crystal ball? Unreal...

Coreg's EW+HP+D/W Range

Update...

Coreg's EW+HP+D/W Range

If swing BC is finished (5 fractals), we shoot for 50% retracement. We don't always make the targets on these setups; often, the frontrunners enter the trades before the zone is reached, so we should use them as a guideline.

Coreg's EW+HP+D/W Range

Whale, thanks. I'm not sure if the low is in place (wave 5) b/c GU still didn't reach timing for the end of wave 5. image image

Coreg's EW+HP+D/W Range

Details on 15M TF.

Coreg's EW+HP+D/W Range

After the weekly target was hit, there was a strong upside reversal. GU is approaching the resistance zone for today between 1.3248 and 1.3285.

Coreg's EW+HP+D/W Range

The dollar index cooperates so far. image

Coreg's EW+HP+D/W Range

birdland, the standard zone for the end of wave 5, is a big one (1.3148-1.3057). So follow PA in this zone when GU gets there on a smaller TF to pinpoint the reversal. image image I adjusted the channel b/c a new low was made.

Coreg's EW+HP+D/W Range

Now we should target 1.3148 on the daily TF; the first level in the zone for potential end of wave 5. image 15M chart, setups for today only. image

Coreg's EW+HP+D/W Range

GU made the move to the upside of 59 pips overnight and is now sitting in the potential reversal zone for the day. Strong resistance zone is between 1.3280 and 1.3290.

Coreg's EW+HP+D/W Range

Case study...Last week's PA on 30M TF.

Coreg's EW+HP+D/W Range

The resistance zone was too strong to be overcome on the first try.

Coreg's EW+HP+D/W Range

image J is April M is June Schwab...ToS platform. image

Gold with No Drama

It means the April contract is about to expire. Besides, the June contract has better liquidity (spread is lower)

Gold with No Drama

For those who trade futures...beware of the front contract, it's June...look at the volume.

Gold with No Drama