Falling wedge on 15m chart,
Hitting longer term support,
Hitting support zone around S1,
Low volume and low price meaning price will get more narrow,
Lil shooting star on the 15m frame.
Possible Long Position,
XAU/USD - Time for a fall, Gold has been climbing recently price has currently melted and made a Lower Low. Currently pushing up to the resistance of 1325 which price has resisted many times I can see gold creating a lower high at the resistance of 1325 that aligns with my golden ration, looking for short positions also this will create a head and shoulders...
This pair has been on my radar for a while and I have also been in this trade with 2 positions from where my predictions starts. It is a slow Monday ATM for this chart but i am expecting a breakout of this pair to the downside as price broke resistance but has now falling back into place. This price action has taking longer than expected but still in...