price is coming into a key level now so daily time frame and looking left and seeing what we have had before now will this go early or could we still have a bullish run taking the last highs out and then we drop ? looks clean at the moment lets see on the lower time frames but keep this one open as we could still reach highs above this zone
So i like to forecast what could happen on every trade i take always finding the best highest probability, this setup looks so clean at the moment be nice to know what you guys think and if we forecast both situation then we wont be shocked when it doesn't happen either gold for the win :)
keep it simple looking at current price action the way price has fallen and type wedge formation i would say this would break out eventually but given that zone weekly zone which would line up with number 2. that would be the better trade to take
just say patience let the markets shows its hand first don't rush any trades
so very interesting level so after some bearish momentum and looking over a the DXY this still can move lower and would line up across the index for the dollar to gain strength for next week to around 98.55 if this is correct then this would sell off and line up with a strong double bottom to then buy this pair lets see how we open tonight and stay neutral still...
Now gold has been mad over the past couple of days, theirs some strong indications that we will be moving for one last push down before moving higher this is the 15 mins time frame for a filter on this trade number 1. if we get the hover on that ascending channel i will enter that on the drop
or number 2 we come back up to test that double top area and break down...
after a bullish break on the weekly and looking over at the dxy looking to gain more strength this looks good to carry this bullish momentum on , check the lower time frames for a clean entry or a retest on the zone
here another setup now both interesting either one but this is why we wait and stay patience wait for the right time or wait for the market to confirm the next trend especially at a key zone in price stay open
This on the weekly time frame looks so clean price has respected this lower zone for some time now and the way we have fallen even better for some big big moves to the upside
this will be a really good swing trade to place!
this is now at a really strong area a key level in price i said we would get back to this level now do we reject or break above and gain strength ? interesting but this pattern does show more for a bullish move up but this can always drop out so stay neutral and wait for the first move to be confirmed
so after yesterdays post for gold and re doing some more analysis 100% still looking for longs with gold theirs 2 outcome with this setup, we keep corrective till we hit the downtrend and then drop towards this strong area which would meet up with a strong weekly zone or we move out of this area with some strong monument but adding with 618 FIB rejection once with...
so adding up a lot to why i would take this long under the 200 EMA landing along side the 382 fib and retesting a good area of support once again and backing by the higher time frames this could go higher than my TP target but i like to be in and out of the markets depending on how i see a situation not a lot of room left before we could see some big bearish...