SPX500 and XAUUSD

Since XAUUSD is very close to support channel line I am reconsidering SPX500 miniscule count lower the target. Also putting buy limits on gold.

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SPX500 performed almost exactly as planned. I could not get into the trade because it reversed after US open and rules forbid putting buy limits because you never know how far extends the last wave. Last time my SL was taken out.

Today will be picking this opportunity with limit orders around 2970 and SLs under 2952.

Gold behaved unexpectedly. This makes me think we are in different type of formation because C wave should not end that way. More analysis to come.