cenascenas

cenascenas

Almost a perfect Gartley Pattern here, only the AC extension isn't perfect but all the rest is in place to test the highs at 1.61700.

cenascenas

Pros: 1 - Bearish Cypher Pattern (Red formation); 2 - RSI almost in overbought conditions; 3 - Fairly good resistence (Orange Square). Cons: 1 - Breakout of the resistence area (Orange Square).

cenascenas

Pros: 1 - Bearish Cypher Pattern (Red formation); 2 - RSI almost in overbought conditions; 3 - It is expected a retrace in the Golden SMA to trigger the move to the downside. Cons: 1 - Breakout of the support area (Orange Square).

cenascenas

Pros: 1 - Bearish Gartley Pattern (Red formation); 3 - RSI almost in overbought conditions. Cons: 2 - Breakout of the resistance area (Orange Square).

cenascenas

Pros: 1 - Bearish Gartley Pattern & AB=CD (Red formation); 2 - Candlestick pattern hanging man (Daily timeframe); 3 - RSI almost in overbought conditions. Cons: 2 - Breakout of the support area (Orange Square).

cenascenas

Pros: 1 - Bearish Gartley Pattern & AB=CD (Red formation); 2 - Candlestick patterns hanging man (Daily timeframe); 3 - RSI almost in overbought conditions. Cons: 2 - Breakout of the support area (Orange Square).

cenascenas

Pros: 1 - Bearish Gartley Pattern (Red formation); 2 - RSI almost in overbought conditions; 3 - It is expected a retrace in the Golden SMA to trigger the move to the downside. Cons: 1 - Not a perfect Gartley pattern;

cenascenas

Pros: 1 - Bearish Gartley Pattern (Red formation); 2 - Support at 2.04860 & 0.764 Fib (Orange Square); 3 - Resistence trendline (Blue line). Cons: 1 - Not a perfect Gartley pattern; 2 - Breakout of the support area (Orange Square).

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Pros: 1 - Bullish Gartley Pattern (Green formation); 2 - Support at 1.26150 & 0.236 Fib (2nd Orange Square); 3 - Bollinger Band medium line almost crossed (H4 timeframe). Cons: 1 - Breakout of the support area (2nd Orange Square).

cenascenas

Pros: 1 - Bullish Shark Pattern; 2 - Fairly good support at 0.78030 (Orange Square); 3 - Bollinger Band already squeeze (H4 timeframe). Cons: 1 - Breakout of the support area (Orange Square).

cenascenas

Bearish Price Channel (Continuation) Pattern. Bearish move to 352.

cenascenas

If Gold breaks the1353 resistance zone the rounding bottom pattern will be confirmed. Price will continue the bullish trend to the 1412 resistance zone.

cenascenas

Gold price has extended beyond the 1316.50-1325 major resistance zone. The price will continue the bullish move to the 1336-1344 resistance zone. It is very likely to pullback to the previews residence zone and then go up again to the 0.618 (1364) fibonacci level (consolidation) at the end of February. The US debt ceiling will have a major influence in the...