FX:XAUUSD   Gold / U.S. Dollar
258 14 13
Long time no see my friend, nice to see your posts again
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NizarRahalii Technician
thanx a lot my friend
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Those channels are so arbitrary...What about the recent price action compared to the decline before it?
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IvanLabrie PRO IvanLabrie
snapshot


Also, the global situation with stocks, bonds and other macroeconomic events is worth considering, as per Tim West's recent work.
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Technician TOP IvanLabrie
Yep, there is a double bottom on the weekly as well
+2 Reply
IvanLabrie PRO Technician
Interesting, I only saw that triple (if you consider the close there)...and highest low matching the last wick's low. :)
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Technician TOP IvanLabrie
snapshot
+1 Reply
IvanLabrie PRO Technician
Looks like decision time for the market...I'm more interested in the Silver chart though, might offer a lower risk setup.
Thanks ;)
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RobTaylorForex IvanLabrie
Also just wanted to contribute how nicely a pitchfork fits with all the upper levels.
snapshot
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RobTaylorForex RobTaylorForex
snapshot
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IvanLabrie PRO manijeh.kazemi.33
Makes sense, definitely an impulse. Thanks!
+1 Reply
Long time no see, SPX is historical percentage down per week in Santa Rally month. Very ominous, dude ~~~ Gold down??? Hummm -
+1 Reply
still inside canal and move down 1140 is good to take profit i think ...
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