we clearly see price retrace 38.2% from high, nice respect of the liquidity level, we also see EMA crossover.
manage your risk and have a wonderful day
Will the ascending trendline to the upside hold or will we see a break below? It's very hard to tell especially with the indecision on the DXY but I will certainly be monitoring this pair.
I think bulls took out of control last trading day and we might see reversal on 1690 support level which can be supprt and go for buying till 1719, or what we can expect is breaking of the 1690 level and going to 1672, maybe lower. RSI says that brice is over buyed. Market is down trend, on 4H too.
This week we saw Gold Pumped and got dumped at the level of 78.6% Fibonacci level and crafting out the peak in 2011 and bottom of 2016 within the range period and price very highly respects for fibonacci retracement levels.
there are a few scenario for the gold and would like to highlight some of the things that we might be facing for clarity.
For traders that...
Good afternoon! Excellent went to the correction, exactly 0.61 on the Fibonacci. Possible declines to 0.78, but I'm already starting to buy in small parts) have a Good day and a big profit!
I'm not big cryptocurrency fan, but this looks me now quite interesting....If i look only technical analysis then there is so many ''buy'' opportunities confluence.
5 wave down correction get over with bearish divergence and sort of HS patter on 200ema zone...Correction trendline is broken and now it retested at 38fib...also an there is bullish hidden...
