The price is still in Stage 1. Although internal consolidation looks bullish. Volumes are dried up when price pulls back and expansion when price moves up can be seen. The bullish spreads are also getting wider. Some traders will perceive the internal structure as inverted H&S, while some will see it as Cup and Handle pattern. Reminder - We still need a decisive...
I should have the wizard badge but it's ok, they'll love me when I'm gone
1) FX:EURCAD
2) FX:EURSEK
3) FX:GBPAUD
4) FX:EURNZD
5) OANDA:EURDKK
6) FOREXCOM:GBPMXN
7) FOREXCOM:EURMXN
8) SAXO:GBPHUF
In accordance to my last publish on the xau Daily time frame analysis, we all agree that the (long term) foresight of the xau market is bullish, all I've done in the 4hour time-frame is highlighting all possible zones of a possible reaction leading to a minor sell.
Note that any of those zones highlighted which causes a market reaction resulting in a ...
