jangseohee

GC1!, round bottom or break down

FX:XAUUSD   Gold / U.S. Dollar
1387 90 40
it has been a year of overall bears when bulls were trying to pick the bottom
for the past 2 months, gold             price seems to be making a rounding bottom (unless the red support is not broken)
else we go lower

let me recall my cycle analysis
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that long wick makes me feel uncomfortable about going bull
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the doji is tricky
daily and monthly have bullish bias, but weekly is more towards selling
i would have higher confidence of being bullish had the doji has longer lower wick

i am keeping my short since
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Or maybe we have a long time resistance breakout ?
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and a few closer lines
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+1 Reply
G13Man G13Man
@G13Man finds another line
,
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intersections of resistance
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