UPDATED CLEAN CHART
"As you can see from the Chart there has been a nice Hourly Trendline forming with the 0.5 fib level in close proximity, i am quite eager for this to break which will then see price down towards the next psychological handle of 1280 and fib level 0.618, then up to retest the broken trend, 50% fib now resistance and down towards 1273...
As you can see from the Chart there has been a nice Hourly Trendline forming with the 0.5 fib level in close proximity, i am quite eager for this to break which will then see price down towards the next psychological handle of 1280 and fib level 0.618, then up to retest the broken trend, 50% fib now resistance and down towards 1273 coinciding with the daily trend...
So the major break of the support that was 1282 i feel like this market has the potential to drift even lower. Im hoping to see a push on to the upside to the descending trendline comng from the highs of 20th February 2019 through the highs of march and April, So im looking for a retest of this and a short. This level being 1297-1298 which has acted as previous...
So on the H4 time frame i can see a breakout of a longterm wedge pattern that was being formed. Now there are two key liquidity zones to be mindful of where we have had good price reactions from the 1.33000 and the 1.34000 handle Slightly higher you can also see the 1.34500 handle, now if we continue to press higher to here we could find our self a double top at a...
Potential Short coming up on gold, lots of factors backing up my bias. On the daily time frame we have a very apparent head and shoulders pattern and a tasty trendline from the lows of 21st Jan that is providing some Nice support currently. We can also see that a break of the psychological price of 1285 may see us down to the 0.382 fib level, then id like to see...
