deante913

deante913

With a lot of bullish pressure, momentum and reversal from a solid support area, also a bullish tea cup pattern, we might see further bullish movement into the 1780 level where there is a bunch of confluence at. Which could also be a possible neckline for a head and shoulders pattern in the future, well see though.

deante913

heres the thing, when gold drops it usually drops pretty hard, if you look at the weekly data. With that being said , hourly time frame, gold is making a pull back pattern , yet it the selling pressure is strong right now so depending on price action when market opens, i think well finally see what happens, neutral short term, bearish for the next week or...

deante913

price is going to drop to the 1750 area in relation to the nfp news coming out which is projected to be positive, projection for nfp is 870k from 850k which is a small jump up , but because its a reasonable prediction its most likely going to hit correctly or be even higher than predicted, which will cause gold to come down and hit that MAJOR YEARLY trend line...

deante913 Updated 

Bullish reversal pattern on daily S&R for a .618 retracement. Long position. for a retracement , then a continuation of downtrend.