uptrendIt is expected that the trend will change in the current support range and we will see the start of the uptrend. Otherwise, the continuation of the downtrend is likely with the support range broken.
Neo Wave
possibility of correctionIf the price can change the trend at the 78.6% level, the start of the uptrend is likely.
Otherwise, the continuation of the downtrend is likely.
check the trendIt is expected that the triangle range will be broken upwards and we will witness the beginning of the upward trend.check
possibility of uptrendIt is expected that the correction will continue until the specified support levels are formed and then a trend change will be formed within the timeframe and we will witness the beginning of the upward trend.
uptrendConsidering the price action within the current resistance range, possible scenarios have been identified.
As long as the price fluctuates above the red support range, the upward trend is likely to continue.
correctionIt is expected that the price will not be able to pass the resistance range and then the beginning of a downward trend will form.
If the green support range is broken, the continuation of the downward trend will likely continue.
correctionIt is expected that the downward trend will continue to the specified support levels. Then the continuation of the movement will proceed according to the specified paths.
check the trendIt is expected that the trend will change within the current resistance and time range and we will witness the beginning of a downward trend.
If the price stabilizes above the resistance range, the upward trend will likely continue.
downtrendIt is expected that the beginning of the downward trend will form according to the specified direction.
If the price consolidates above the green resistance range, the above scenario will be invalidated.
check the trendIt is expected that the upward trend will advance to the specified resistance levels, then there will be a possibility of a trend change.
correctionIt is expected that the downward trend will continue until the specified time frame, a trend change will occur and we will witness the beginning of the upward trend.
If the price crosses the green support area, the continuation of the downward trend will be likely.
possibility of uptrendIt is expected that the trend will change within the current support range and the specified time frame and we will witness the start of the upward trend.
possibility of uptrendIt is expected that the correction trend will end within the specified time frame and the beginning of the upward trend will occur.
Otherwise, the correction trend will continue until the specified support levels.
uptrendIt is expected that the upward trend will continue until the specified resistance levels are formed. Then, depending on the price behavior in the specified time frame, there will be a possibility of a trend change.
possibility of downtrendConsidering the price behavior within the current support level, possible scenarios have been identified. As long as the price does not consolidate above the green resistance level, the downtrend will likely continue.
Two Setups to short goldMy conclusion for Gold in this week (and maybe the next week) is bearish.
Here are two setup to short Gold.
Remember to set break-even, and save (some) profit in the first target.
