jangseohee

GC1!, round bottom or break down

FX:XAUUSD   Gold Spot / U.S. Dollar
1417 92 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


that long wick makes me feel uncomfortable about going bull




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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@Toma, log scale tells diiff story
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and a few closer lines
+1 Reply
G13Man G13Man
@G13Man finds another line
,
intersections of resistance
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