With the previous fall and slow correction, the price is placed below the trend line, it can be said that it has pulled back and there is a possibility of a fall
What I see from the chart is that gold is in a downward trend and this correction can come up to the range that I have specified, and there I am looking for a trigger for selling position. It will be updated
Reduced upward momentum And the price is exactly in the static resistance zone
What I see from the price in the daily time frame is a strong upward movement. Price correction up to the 50% Fibonacci area, which coincides with the static support area . What I expect is the end of the correction and the beginning of the upward movement .
Price is completing wave 4. If at the end of wave 4 I see a positive divergence from the previous price floor, it can be said that it is the end of wave 4 To initiate wave 5, the price must break its long-term downtrend and stabilize above the static line of 9 cents. Of course, price acceleration and candlestick layout are very important in movement and...
Ada is completing the AB=CD pattern due to the fact that in PRZ the pattern has reacted in the past and it can be considered as static support and the downward speed has decreased compared to before. I can imagine that it will return from the range of 30 cents
Price broke its static support The next support is the $240 area
The price went from $14 to $45 at a rapid pace, but the power of the sellers is very strong so far. In my opinion, this static support of $25 to $24 will be broken and the price can reach the low support of $18. Maybe buyers will enter from here.
According to the previous analysis, the price reached the resistance and corrected. I don't see any buying power in the correction, and I think it will return to the low support zone.
I still don't see the strong movement of the bulls against the bears showing themselves so far, it is true that the bit is supported in the range of 18K and 19K, but the bulls must show an impulse movement against the power of the bears, and take the field in hand.
Considering the slow correction, I think we are on the upward trend with the price wheel. If I see such a scenario, I will enter a buy position with the prices that I specified, 3 steps with a loss limit of 0.53 and high targets. Capital management should be observed.
Considering that the price has had a sharp drop and has not yet been able to make a good recovery, in my opinion, the price can drop another step to the low static support.
The price reached static support and reacted , I can imagine a scenario if the correction of the previous rally ends slowly and it wants to move rapidly in the upward direction.
I enter a certain reward with risk, and if it reaches a certain limit, I will be risk-free
The price is on its static support, and twice the price has reacted well to it. If this last correction is made, it will react to the support levels of the previous rally, and if it takes an upward direction, a buy position can be taken.
Gold is close to the supply range, if it reduces its corrective upward momentum and shows a weak reaction to the Fibonacci levels of 61.8 and 78.6, I will enter a sell position.
What I expect from the price, according to the previous rally, after the completion of the correction in the shape of the flag pattern, if I see this movement according to my expectation, I will enter the buy position with the trigger and update it.
The price is correcting after the upward rally. I am waiting for the static support range and the 0.618 or 0.5 Fibonacci levels to be a reliable trigger for a buy position.