AW2729

AW2729

A breakout of the triangle on the upside would suggest a long trade to the 14000

AW2729 Updated 

Title is self explanatory : Formation of a Descending Triangle after a downtrend. I would wait for a break in the support line of the triangle to enter the trade. RSI also shows a bearish trend highlighted by the red trendline, which is a sell signal. Since it is a chart pattern, SL can be tightened a little bit more to the entry price. - Good luck all

AW2729 Updated 

Reasons for this trade opportunity : Pin bar formation on the daily chart at a major resistance level RSI above the overbought area Respect of the Fibonacci levels Good luck all

AW2729 Updated 

Chart is self explanatory : Harmonic pattern formation, RSI bearish divergence, rejection of major resistance. Want to take the short opportunity of the D leg completion and see if the price respects the 61.80% retracement level to place a buy.

AW2729 Updated 

RSI oversold, fibonacci retracement levels respect the weekly, I will enter in a long opportunity to 110.700 area

AW2729

If we break the 1328 support, GOLD may drop to the 1308 area. To watch closely

AW2729 Updated 

Price is approaching a major resistance that has already been rejected on the daily chart. The price respected the Fibonacci extension levels and RSI shows that price tends to be overbought at this major area. I would expect a major drop to the major support at 1.36 area. I would suggest then : SL at 1.39600 with a TP at 1.36181

AW2729

- Fibonacci retracement shows a clear respect of the 50% retracement level and means a possible short to the 38.20% level. - RSI shows that price is overbought (above 70.) - A bearish evening star candle formation supports the possibility of a sell A safe move would be SL at 79.000 above the 61.80% resistance and TP at 0.77400. Simple analysis but with many...