gold has reached resistance and has given a bearish engulfing candlestick overall momentum is bearish so the chances of price reaching its overall low are high
price is at a key level and with the expected pullback, I think the previous low will determine this markets next move. if price trades bellow the previous low my bias will be shorts, but if the previous lows are respected and new highs are formed above 0.70041 my bias will be longs
GU just broke out out of a well respected weekly trendline. price broke out impulsively has retested a respected level. price could still consolidate ahead of market open. enter on the break of previous highs after new market structure has developed.
gold has been failing to make new lows and and is trapped in a triangle pattern. price is also coming from a key level at 1762.028 and price is not showing any signs that its going to get there.
Price just broke a key resistance area and a strong weekly trendline resistance which it has been respecting for the past few weeks. price has also been moving bullish and giving continuation patterns in the form of triangle patterns. a morning star is also developing in the daily timeframe.
PRICE just broke out of a bearish channel with a big rejection at the bottom of the the bearish channel. price also gave us multi-touch confirmation's at the bottom of structure to confirm that price has big bullish moment. on the market open I foresee price to retest its previous low (creating a 4H wick) and go for longs to complete the spike out of structure
gold broke out of a weekly bearish channel and is giving strong bullish sentiment on the higher timeframes. price is also showing an ascending triangle pattern which is a continuation pattern.
GJ is at a key resistance area and is trapped in a triangle pattern. within the triangle pattern GJ has been rising with double bottoms and GBP is gaining strength.
