claricecwx

claricecwx

Monthly: Previous analysis, XAUUSD did break its own highs and is currently tapping onto resistance level on the monthly tf. Will need to see how next week closes (end of month, might have rejections OR it will close above resistance.) Weekly: gold looking hella bullish past few weeks, right now we should probably expect a retracement at this current weekly...

claricecwx

Monthly: Current march candle is bearish, but might look to see more bullish movement next month to test 172.5 area as monthly resistance turned support is retested >> also candles did not break its previous low. Weekly: seems like GJ is actually still retesting this range between monthly/weekly support at 156-167. Previous 2 candles is bearish but the weekly...

claricecwx

With the past few bullish 4H candles, seems like gold will be losing steam soon. Let's wait to see if there's a creation of resistance before we can take a sell downwards to correct the move of the rate hikes.

claricecwx

more channeling to form the shape of a bullish flag

claricecwx

after every impulse comes retracement, should be a short to test 0.618 levels, might continue to push downwards as well as approaching the 0.786 level where the neckline of the previous resistance is at

claricecwx

expect retracement to neckline due to overextended W formation... possible short opportunity. Key level: 1.300 (strong resistance area), price could bounce back up after getting liquidity from this area Do like my idea if you found it useful! :)

claricecwx

from what i see, its a rising wedge.. there's strong resistance at 1900 level, if price continues to fall along with the verdict of the elections (aka trump winning?? yikes) we might just see gold drop back down again..

claricecwx

from what i see, usdcad will retest and gain liquidity before rising higher

claricecwx

looking for a sell :-)

claricecwx

as long as price breaks out the triangle, we can anticipate a long/short! let me know what y'all think!

claricecwx

sell