Technician
Short

Rejection near 61.8 retracement hints a potential pause

FX:XAUUSD   Gold / U.S. Dollar
912 16 11
Update : First Target hit, stop to break-even, stopped at break-even.
Profit/loss= +$11

Looking for a corrective move lower after a long upper wick candle just shy of key Fibonacci retracement .
as i know in Japanese candles we should wait till next candle after doji to close , because if next candle close higher than close of doji the reverse point will be cancel
just an idea :)
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Yeah Japsian, this is true, but every trader has his own view on the price, for example, for me, a long wick at a key Fibonacci level or resistance is a good opportunity for scalping. I also consider other factors and bias which i gained from experience. Sometimes it work and others fail :)
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Japsian Technician
good point , agree with you :)
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i like your posts Technician. cheers ;-)
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Thank you for liking my post begina :)
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Appreciate your comments
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We meet again! I was thinking the same thing, I think it's actually a reload for big break above 1350 could go fast market corrects
snapshot
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BEI BEI
This is actually ema21 weekly resistance, if gets above huge bullish signal confirming divergence and making prices retrace to DMA200, at least, I am looking for trend line break at most an come back down for wave 5
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good job here...
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First Target, Moved stop to breakeven
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Let's get a backtest on that wedge, before a larger drop.
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Technician TOP QuantitativeExhaustion
Possible, but to be honest I turned bullish on gold, looking for a move to 1430 area.
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