JFX7

JFX7 Updated 

. Strong wick rejection candle . 50, 200 day SMA cross-over possibility to reverse markets direction . We are at a strong level of support, if broken expect heavy continuation to downside . However, fundamentals suggests golds to reach 1800 . Expect a bullish run next week . If 1700 resistance breaks, next target at 1720 zone . Swing trade . Not a signal, just an idea.

JFX7

. Bearish divergence on 4 Hour time-frame . Need a close below 1740 today to respect trend-line to the downside . Prediction is for Gold to reach 1715 area before another push to the upside

JFX7 Updated 

. If support breaks, continuation on downside

JFX7 Updated 

. 'W' Pattern formation in process . Double bottom providing support . Expect price to move up . However price may break support and continue down

JFX7

. Gold prices expected to move to the upside . Wick rejections from previous structures . 50 and 200 day SMA crossover at 1H time-frame also indicating possibility of price reversal . Prediction for gold to move up due to the current pandemic, US riots and US and China trade war

JFX7 Updated 

. 200 and 50 day SMA crossover soon . Indication of a price reversal . Second confirmation: OBV divergence . Double top on 15min time-frame . News could have effect on price action however supply zone is on site and resistance remains strong

JFX7 Updated 

. Expect short position to the downside in 4H timeframe . OBV indicates divergence . Supply zone targeted, so more sellers enter market . However if resistance breaks, possible continuation to the upside

JFX7 Updated 

. Head and shoulder formation to the downside . However ascending triangle forming higher lows so keeping an eye out if breaks resistance . If strong resistance and no breakout, head and shoulders + trend breakout = downside movement to the next support level . If resistance is weak, next target at 120 zone. . Overall, short

JFX7 Updated 

Looking for a trendline touch at the top, a break out or short position once hit top of trendline.