after break down chart pattern we can easy sell gold for touch future target...
Gold reach to main high 1700$ and don't have enough power for break this high and must make new low in the future...
Price and time analysis tell me GBPUSD have a good condition for long position and i go to long position when price reach to blue line and break up ema 8 with shift+5 ...i show to you my first and 2nd target in my chart after entry to position:)
If we look at the volume profile (15-minute chart showing the last month) and focus on the higher volume areas, we can draw these four zones that may act as potential support levels if price breaks lower. The issue with predicting these support levels is the Italian referendum result is likely to cause volatility.
Four different markets - all nicely captured profits with Chris Moody's Gann Swing code take as is from his chart posted earlier today.
Very nice results!
Note where gold is relative to the reversal level, and that it is still short.
Can you rename it "Money Machine" Chris?
Tim 8:05PM EST Tuesday, October 7, 2014