Gold, time go Long.

TVC:GOLD   CFDs on Gold (US$ / OZ)
300 12

This is my plan for Gold , just waiting for some kind of reaction on the blue zone.
Comment: Better detail.

Comment: Right on the spot

Hi do you have any update ?
erikarter JulieMesaLopez
Hi @JulieMesaLopez, After making a Bearish Cypher Pattern the price is going down testing the resistance again.

I will wait for some kind of rejection like Pin Bar.

On the Day Chart:

if there is a rejection of Price this can be a Double Bottom. And we can expect price going Up again.
+1 Reply
erikarter erikarter
By the way I said Resistance but I mean Support...
@erikarter, thank you so much! This is really helpful
erikarter JulieMesaLopez
Hi @JulieMesaLopez, Still no a valid Double Bottom for me... But at 4 hours Chart we have a bullish Shark Pattern already completed.

But at 1 hour chart we can a see bearish Flag Pattern ready to test the support again.

If the Support hold, then I will look for a possible long trade.

+1 Reply
@erikarter, thank you! I will keep an eye to go Long .
Do you think is going to go down again?
erikarter JulieMesaLopez
Hi @JulieMesaLopez, Who Knows? But this is my thoughts.

As you can see the red trend lines act as support and resistance. I think that price will drop and bounce on the red trend line and blue zone? And go Up again to kale a Gartley Pattern. At least this is what I expect. :)
erikarter erikarter
* Kale = Make :)
erikarter erikarter
* Kale = Make :)
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