FX:XAUUSD   Gold Spot / U.S. Dollar
258 14 13
still inside canal and move down 1140 is good to take profit i think ...
Long time no see, SPX is historical percentage down per week in Santa Rally month. Very ominous, dude ~~~ Gold down??? Hummm -
+1 Reply
IvanLabrie manijeh.kazemi.33
Makes sense, definitely an impulse. Thanks!
+1 Reply
Those channels are so arbitrary...What about the recent price action compared to the decline before it?
IvanLabrie IvanLabrie

Also, the global situation with stocks, bonds and other macroeconomic events is worth considering, as per Tim West's recent work.
Technician IvanLabrie
Yep, there is a double bottom on the weekly as well
+2 Reply
IvanLabrie Technician
Interesting, I only saw that triple (if you consider the close there)...and highest low matching the last wick's low. :)
Technician IvanLabrie
+1 Reply
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