From a short-term technical perspective, it was critical for gold to close the daily candlestick above the November 30 low of $1765, in order to offer some reprieve to the bulls
Although, it may not negate the bearish bias as long as the price holds below the downward-sloping 21-daily moving average at $1825.
Ahead of that level, the buyers need to find...
Bear Flag Chart Patterns
A bear flag pattern is constructed by a descending trend or bearish trend, followed by a pause in the trend line or consolidation zone.
The strong down move is also called the flagpole while the consolidation is also known as the flag
The bear flag pattern comes after a strong move downwards. The stronger the move, the bigger the profit...
The downside potential of Gold is big. Gold has been the best so far to trade as short traders enjoyed very good profits.
Gold is in a strong bearish zig zag downtrend. We should see a continuation down to the 1750 zone. Next short trades might happen in the POC zone 1780-90. However due to a strong downmove we could see a drop from 1777 directly to 1760 and then...
USDCHF Am loving what am seeing on this pair guys this can be ah potential long on this target
At ( 0.90805 ) Am seeing a lovely retest at that support area as well guys please keep and close eye
on this pair ......
Am looking at my (RSI) Indicator and as you guys can see price break below the trendling on the (RSI) AND RETEST
so there is ah high...
Gold continues to suffer under a stronger US dollar.
XAU/USD has lost the 50 SMA crucial support, risking declines towards $1,780
I will like to see price push towards $ 1,840 area and retest that resistance level before price go short guys keep and eye on this pair guys
i really like the set up am seeing also let me know what you guys think in the comment section guys