TerenceTam

Beat Gann 1:1 45 degree line and back

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
As you see, Gann line catch all the turning point from this raising wave and finally touch 1:1 resistance line, it is suppose to re-test EMA 7 support, about 1217 before go ahead. For indicator matching, fast, medium, slow indicator make double top re-bounce, and classic price action bearish pattern occur. For DMI, DI+ time to drop cut on ADX, standard bearish view too. Finally, I would introduce my EMA_MUSIC_STAVE, the last green calculated line catch the Top 1263, best of the best.
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