I was thinking that as prices have broken market structure we could see prices go back down to support level because of the ascending triangle that looks to be forming.
Feel free to drop your opinions in the comments.
made a few mistakes entering a trade straight from waking up, but think itll come back down from the 1790s, possibly to even 1758, if not today some point this week potentially. let me know what you think.
My take on friday, IMO will be bit more action today nothing drastic until next week though.
LDN should bring it up to atleast the 1820s if it breaks through we could be look at 1836-1850 during before it comes back down, but IMO this scenario will only happen if LDN can bring it up above 1820, if not back to 1808 we come if this zone is broken possibly will...
My take on tonight up until LDN open, most likely a ranged repeat of the last few days, possibly a break out up or down mid way through LDN session but lets wait and see how the it plays out until then.
Goodnight!!!!!
Just having a play around with trying to draw trend lines, and just analysing the past market, i'd love to hear your ideas, let me know if you have any advice or tips!
IMO if during LDN gold breaks 1800, could go as low as 1770ish if it doesn't and breaks out back above 1813-1816 i reckon it will then begin the uptrend but may not have enough power to plough through all the resistance levels still has potential though, ill be keeping an eye on 1826, 1845, and 1880 and if it manages all those 1900s en route...
Drop your...
