Possible gold sell, this chart is marked up for myself only really.
sitting at a historically strong resistance zone, ranging market for now. Will look for candle to close below the 50% mark @ 1831.752 before looking to take sells down to Target 1 @1823.788 then closing half and moving stops into profit before Target 2 @1817.828
Looking like we will pass the 78.6% Fib level, previously it was a strong support zone.
Will be looking for buys around 152.440.
First target will be 152.910 which is a previous support / resistance zone.
2nd target will be 153.360 which is a key resistance zone.
Currently hovering around the last support/resistance area.
Will look for one hour candle to close above this.
Once closed, will take buys with target at 151.357 and stops at 150.450
At 150.866 stops will move upto 150.695
Bullish candle opened on the 30m TF at the high of the 4H @ 130.600
Waiting to see where the 30m candle closes as we are at a strong resistance area. If it retraces and closes bearish I will look for sells.
Price seems to be settling into a reversal after large gains. Possibility that it will range for a period.
Would look for sells if 1H candle closes below the 38.2 level and would look to take this all the way down to the 78.6 level as there is plenty space on the left to do so.