All signals point to an uptrend continuation.
Price should continue moving downwards towards previous resistance. Waiting for a pullback before entry.
Price broke daily trend line after bullish diversion. Waiting for pullback on the 4hr timeframe before continuation.
Price has been accelerating for a while. A short correction is eminent.
Price has been accelerating upwards without much correction. A larger correction to the downside is eminent and we look to take advantage.
All bullish signals are visible: RSI showing bullish diversion Mac-D histogram also showing bullish tendencies Big impulse movement to the upside from the previous week. We expect daily consolidation to 14.223 level before entry
Bearish sequence looks set to continue. Support at 1.54881 as tp1 and stoploss at 1.57614.
RSI is clearly in oversold conditions. We expect a little move to the downside support before the major bullish move to the trend line. RSI would confirm when the bullish move occurs
RSI is clearly oversold. We are just awaiting the RSI to confirm the reversal before entering short positions. Big opportunity.Approaching major supply area too. Definitely a trade to watch out for.
RSI beginning to look bearish. Movement downwards to the trend line is expected. Trendline might be possibly broken
Price is expected to continue the strong downward movement that started last week. Its on a pullback now so we just have to wait it out and be patient.
Rsi has began to show bullish reversals. Potential long opportunity to the downward trend line. Price also at weekly support which supports reversal.
We look to continue the long term uptrend. Price reaching the trend line and long wicks being visible shows signs of reversal to the upside. we look to take advantage.
Wait on the daily chart to close price outside the trend-line. After that we can look to enter long positions.
From the pattern seems like the pair is looking to bounce back up from the uptrend line to complete the W formation to the upside. A must watch for next week.
We wait to break the trend line for further downward movement.A must watch for next week.
Expect gold to rise further after pullback. Price to reach 1318 and higher.