bearish not bottomed yet, but bull divergence showed
1H and 4H both show bullish divergence
so I see 1944 or 1948 or 1954 or 1961 as potential targets
BUT, my old chart all of it, see under 1944 would be better to target 1909 or 1917
I'm bear since gold under 1960 so I want to see under 1900 in the medium-term target as support to target 2300$ later
maybe:
Monday for monitoring or small scalp
if there is still a bullish signal, target 1944-1948-1954-1961
with long term bearish invalidation above 1971-1978
note:
1. 2300 need above 1998 support formed, too early to say 2300
2. I still want to wait 85$ oil as signal to reversal trend for all commodity including gold to target 2300$
85$ oil = around 1860-1870 gold
so I see 1944 or 1948 or 1954 or 1961 as potential targets
BUT, my old chart all of it, see under 1944 would be better to target 1909 or 1917
I'm bear since gold under 1960 so I want to see under 1900 in the medium-term target as support to target 2300$ later
maybe:
Monday for monitoring or small scalp
if there is still a bullish signal, target 1944-1948-1954-1961
with long term bearish invalidation above 1971-1978
note:
1. 2300 need above 1998 support formed, too early to say 2300
2. I still want to wait 85$ oil as signal to reversal trend for all commodity including gold to target 2300$
85$ oil = around 1860-1870 gold
Comment:
still valid even if drop to 1910
Order cancelled:
I will never use divergence anymore...
F Divergence, easy to invalidate
F Divergence, easy to invalidate
Comment:
under 1903 no more bullish divergence
