Here is have Gold on higher TF, yes this maybe a retest however I would need to see some evidance before my mind is swayed for a sell... Maybe some engulfing or PA will convince me to sell further
On the Buy side, it seems like we need a big push up to make this a bullish Gold week but anything can happen and here I have marked it up clear
Always wait for...
I am and I was among those traders, who was skeptical in a further exponential growth on gold this autumn.
And finally selling volumes have been accumulated and we see a strong bearish breakout of key structure support .
Our bias clearly remains bearish and there is a lot of space to go lower,
CHFJPY has pulled back to the lower boundary of its recent 4 hr range as it continues to trade within this wedge pattern. The pair trades at horizontal support and bollinger band support and has displayed bullish price action around this area.
Here we have the possibility of price breaking 1480 and staying under...however its always good to consider a bounce from this area to wipe out the SL's or orders in this heavily popular area for Price action
If price breaks and stays under 1480 we could see it turn down to 1420 Zone....
Lets watch price see what it does dont forget its the end of the month and we...
Just an insight into lower TF, let price reach the levels you have set out and wait for price to react in the way you want or what your looking for, wicks essesially in this example and levels.
Pretty simple for in and out trades as it comes around quicker :P
Here I have Gold for the week ahead of the new month and heading into NFP week.
I'm expecting Gold to revisit the lower 1500 levels before a spring to the the highs of this range as Gold is still in a uptrend unless theres a break of the lower levels 1500's.
Lets see how price reacts after lows
Very important here to observe and not get FOMO on the higher tf of...