Just a quick update. We got the retest of the trend line! Silver went slightly beyond my target price and has formed a Dragonfly/Hammer Doji. I'm no longer in the short trade. Look to see how often on the daily the long tailed Doji candles play out to the upside. Price action candle types helping us anticipate changes. I'm still short inclined and I will wait to...
H1 : Watch the clouds as an important support zone.
2 successives dojis took place which triggered a rebound.
Technical indicators are showing some signs of a recovery.
Resistances levels are the following :
R1 : 56327
R1 : 56713 (currently the downtrend line resistance level)
R3 : 57099
IMPORTANT TO NOTE THAT 57099...
#gold #gc1! – Gold has been trading in the upper end of its three-day range after selling off last week with other global markets, and the reversing back to the upside this week.
Candle 1 shows the selloff back down to $1,560 last week.
Candle 2 is a long-legged doji, or sign of indecisiveness in traders as they pushed price higher and lower during the course...
-Broke resistance @82.0000 & 200 EMA (looking at a potential reversal to retest. Possible quick 1:1 as price action could retest resistance turned support.
-Doji reversal set up (@83 level)
-Chop Index < 60
Please share your thoughts and opinions.
4th consecutive day of rejection.
Shooting Star and Doji fully formed.
Confirmed resistance area at 370.0.
Market overbought by looking at the Stochastic.
Singapore30 should give us a potential short opportunity.
So the one of the last 4h candles FINALLY closed above the 50 EMA. Prior to that it kept getting pushed below it like a a bully to a kid on the playground. The following 4h candle opened and stayed above the 50 EMA too, so that's great.
We have stayed in a tightening range which is pushing back against the resistance hard, bulls are starting to wake up. We have a...