price moving back to a support level pre covid. Check for your self.
You might see a small pullback to around 70.898 area before continuing the bullish movement up to 73.306 to complete the fibonacci retracement on the daily charts, 50 % level on the weekly. Dont take my word for it, check for yourself.
if you look at the the daily and weekly you can see that during covid the dollar gained strength and shot up in price. Using fibonacci retracement you can see it sat around that 61.8 area. RSI shows that we will get a bullish move soon possible taking the price back up towards 1.37600 area 50% of retracement before returning towards the pre covid prices. Gold...
usdcad carris on bearish move down towards pre covid
expecting a small drop in price before continuing long.
Divergence on the RSI, price at a resistance level. looking for a small drop down to support 1 before a another bullish move breaking previous highs.
Do not take my word for it, check yourself. 43% win on trading view ideas.
Check it out for your self and let me know. Possible bearish move with 3 potential TPs. RSI show divergence. 43% win rate on ideas on trading view
Let me know what you think. Currently i am 40% win rate on 3-1 risk to reward. Want to improve.
after a very high price during the week gold start to fall back to current support levels
Daily chart shows a bullish pennant formed hinting towards a possible breakout. Current price sits on support which is ideal for a long up to the first TP and the last few days resistance level. Price alert to watch when it hits this area maybe let it ride if it breaks.
Hitting support level form the last few days, week, RSI just below 70 starting to show downward trend. MACD 1hr showing a downward sell trend.
posible 300 pip gain based around trend levels of support & resitance