Gold price reaching ascending trendline ,looking for a short term scalp to the downside once price reaches the trendline will be looking for a long term long ,There is also a lot of confluence indicating a possible long ,one being the numerous touches to the ascending trendline and also fib retracement showing that price is headed to the 50-60 % level which is...
Price reached resistance and formed a double top formation looking to short once price breaks neckline ,looking for a short time scalp to the downside until it reaches support
Price has been on a downtrend for a prolonged timeframe once it reached support ,price reacted and started going up but once resistance was reached it went down to support , now price has been making gains to the upside creating a inverse head and shoulders
Price headed down after touching a major resistance zone Twice creating a double top formation since first entry was missed( which was the second touch ), wait for price to break neckline for the second entry opportunity.
price reaching a major support plus with the confluence of it also reaching a ascending trendline which it has respected for quiet some time expect a reversal to the upside and prepare to go long
Price looks like is going to hit a significant resistance zone which it has struggled to break through in the past so will be looking to short the pair once confirmation of a reversal signal happens on this zone
