no trend for now, need to watch for the triangle resistance and support first... watch out for RSI and trend level on 30m,1h,4h, 1d...
boring gold... i don't think it's going to be good one for scalping... the profit to low for the risk... sorry for boring chart maybe short with above blue line as SL or buy with blue line as TP and support 1408 as SL
boring gold... need to break up bull flag....
i don't know... if this chart work or not already false 2 times with elliot wave now... i'm trying with bigger scope now...make sense if 12345-ABC-12345-ABC-12345 continue... 12345-ABC-12345-ABC-12345 could be seen as ABCDE corrective elliot wave later...
remember the long term bullish vs short term bearish...
i'm set sell 1407 stop loss at 1410 tp at 1400(sorry i'm not risking my bet with 1399 or 1398) and buy at 1400 with stop loss at (1397-1387 area) tp at 1425 (again... no reason to risk buy tp at 1340 area)
need more time and candle for clearer image
please don't see it as valid idea or chart it just post what i learn to compare it with market later i'm learning from mistake, please message me, correct me if i'm wrong i need advice, correct those mistake thank you
not my idea, just learn how to use elliot wave please correct me if i'm wrong i really apreciate it thanks
1h chart trying to use RSI to predict gold movement tomorrow
it really simple and beautiful i could relate between trend channel and RSI channel directly, just for 2 days hahahaha have a nice day everyone NOTE: NOT TRADING ADVICE
there 2 scenario break up or break down
1h wicks turn out into green candle, would retest 1410 line
is it rejection wicks? formed on 1h chart? confirmed bearish?
we going down... it could touch 1365 it could touch 1350 or more... until the fed meeting at end of july maybe turn into bullish trend again or still bear trend to test the bullish flag support