I gave this similar analyse for Gold on June 6 but TradingView deleted it cuz i wrote my name on chart. Gold will create this big M and will go till SuperBeratTp (1100) or even lower for long longterm. So still there are huge pips to be caught. My entry is 1340 ;)
I think everything is noted in chart. Will link lower time frame charts.
Bullish Candle preceding Bearish Hanging Man Overbought RSI High Acc./Dist. Indication ABCD Pattern Trending near Weekly & Monthly Resistance SL: 83.555 TP1: 80.037 TP2: 78.403 Thanks and Happy Trading, KeraTrader
ENGLISH On the daily chart we can see that the S&P500 remains below the moving average of 21 sessions and has well defined its support line horizontal reference around 2,040 points, which has been holding since early April . Besides the technical aspect , corporate results continue to be weaker than expected in year basis , just as economic growth data continue...