Cyber Pattern has been detected and also a rejection in 1.794 area.
I am placed buy positions targeting 1.804 (first) and further extend to 1.808 (second target) for the intra-day retracement.
Gold is expecting to get a rebound upto 1762 (78.6% Fibo) and further 1742 (61.8% Fibo) from 1984 region.
I personally take some sell positions at 1783 already with adequate equity backup. Gold may have a false spike towards 1800 region, i will be taking another sell position if it goes to that part as well.
Chillax
Gold is still playing like a good boy.
First side wise movement up-to 1750 region has been done. some selling trade closed on last week .
Now, I am expecting some movement to 1760 and if not break then 1800 region.
Setting up few short sell set up at 1772 region already with adequate equity backup with a target 1760 for now.
Gold is playing like a good boy till now.
Expecting some movement between 1767 to 1752 today. Breaking 1768 will take the gold up-to 1790 this time.
Setting up a sell set up at 1790 with adequate equity backup.
GBPAUD is staying in its long term trend-line which is also the 50% Fibo level (1.835 Level). RSI is also giving over sold signal.
GBPAUD in next few days is expecting t gain some momentum to for a Pull up at 1.885 level.
Signal: Bullish as the price is near the Higher Lows Zone of the pattern.
Used Analytical Tools:
a) Fibonacci
b) Trend Line
c) RSI
Eurjpy pair has just formed a Cypher completed at the longterm trend line which is also a key level 120.00, I am running to sell projecting 118.4 zone. yet, i will be doing shorts if it fluctuates for some times in this area.
Used analytical tools:
a) Trend based Fibo Extention
b) Cypher pattern
c) RSI (as indicator) - showing overbought situation
d) Gann Fan...
