if we check 1 Week gold Chart the price take the same Support and resistance level for last Years also if we check Rsi is soo Near from Overbought level
GBPCHF is very strong on GBP fundamentals and technically stays within the 0.382 FIB of the daily bull pattern. That is, the place where the pattern now exists is the higher low possession. However, a consolidation period of about 80 days can be observed. This consolidation took place in a dimond pattern. I expect a bull wave that tends to rise rapidly
A break, backtest and go and I am looking up at 450. Market digesting debate, and regardless of your politics, I have yet to find anyone that thought it was good TV, I want that 90 minutes back.
Is there resistance? will be very interesting to see how the market responds to the melt-up on Thursday - we penny-wicked the +2 channel. My next step is looking up the Put/Call ratio to know where we stand.
I set and alert for the lower diamond channel boundary. Looking for a backtest and waterfall to 262.5 some time this week. Then a bounce and build a short term long position (barring any substantial negative news)
