monthly: on this timerame price has made a lower high and a higher low in respect of the last one, im expecting further upside and the break or retest of the previous high. Price has made a spinning bottom kinda, then 2 very bullish
candles, a dragonfly doji and now it's very bullish. I think all of this is because of current dollar weakness, as well as the yen pairs that are becoming more and more strong.Overall bias in this timeframe is bullish targets would be 1.350
and im looking only for buy setups. ma's are pointing to the upside, wich provides me with more confluence.
weekly: in this timeframe ma's are also pointing upwards, a pullback may be expected after this week's strong candle (10.4.17 candle). In the past price has made an morning star, wich developed quite nicely to boost the uptrend.
last candle was a very bullish one, and we had an inside bar on 06.3.17 wich broke to the upside. price having broke previous structure high makes me think that it will keep coming up, finding resistance at the 1.300 level, a pullback
but then continue moving higher
Daily: Since price broke previous structural high, now im waiting a retest of the 61.8% fib retracement before testing/breaking through the 1300 level. IF price does that, and i get some sort of continuation candle and it holds strongly
as support THEN i'll buy gold. Im only looking for buy opportunities in this pair. A minor or major pullback is expected because of the strong move upwards. Price may reach the 1300 level before retracing and continuing the move up,
we should wait to see some candlestick pattern, close below or above support/resistances etc. If price breaks the 61.8% level i shall see it coming down to the 1263 figure before continuing moving higher. Depending on the scenario that
plays out, i'd but at the 61.8% OR the 1263. we could even see price coming down to the 1250 again before breaking the 1300 barrier, you should wait to see how it plays out. price is in some sort of pennant, and a move upwards is highly
expected. Ma's pointing up as in the other timeframes. After the last push to the 1300 zone we should see a pullback to the inner trendline, then, if you are willing to take the risk you can sell at that level and take profits at the 61.8%
candles, a dragonfly doji and now it's very bullish. I think all of this is because of current dollar weakness, as well as the yen pairs that are becoming more and more strong.Overall bias in this timeframe is bullish targets would be 1.350
and im looking only for buy setups. ma's are pointing to the upside, wich provides me with more confluence.
weekly: in this timeframe ma's are also pointing upwards, a pullback may be expected after this week's strong candle (10.4.17 candle). In the past price has made an morning star, wich developed quite nicely to boost the uptrend.
last candle was a very bullish one, and we had an inside bar on 06.3.17 wich broke to the upside. price having broke previous structure high makes me think that it will keep coming up, finding resistance at the 1.300 level, a pullback
but then continue moving higher
Daily: Since price broke previous structural high, now im waiting a retest of the 61.8% fib retracement before testing/breaking through the 1300 level. IF price does that, and i get some sort of continuation candle and it holds strongly
as support THEN i'll buy gold. Im only looking for buy opportunities in this pair. A minor or major pullback is expected because of the strong move upwards. Price may reach the 1300 level before retracing and continuing the move up,
we should wait to see some candlestick pattern, close below or above support/resistances etc. If price breaks the 61.8% level i shall see it coming down to the 1263 figure before continuing moving higher. Depending on the scenario that
plays out, i'd but at the 61.8% OR the 1263. we could even see price coming down to the 1250 again before breaking the 1300 barrier, you should wait to see how it plays out. price is in some sort of pennant, and a move upwards is highly
expected. Ma's pointing up as in the other timeframes. After the last push to the 1300 zone we should see a pullback to the inner trendline, then, if you are willing to take the risk you can sell at that level and take profits at the 61.8%
