we see fast rejection 1982 2nd day reject 1983 market and initiating resistance means someone is resisting and initiating .in terms of candle stick all look same absorption it could be consolidation hence confusion lots of people use the words you know as through they mean the same thing ok they are not interchangeable words how ever consolidation is where the...
gold we see 1952 buyers volatility initial bouncing relative shift we see big shift in dynamic relative shift more aggressive accumulate volatility great number of price volume in delta . price reach 1974 ,1971 trade location volatility initial bounce high low below 1962.
XAUUSD on the daily chart has a long-term cup and handle now in its final formation.
Spot gold price has risen above the lip of the cup and is in position to ascend from there
the height /depth of the cup for about another $100 on the current price based on
the pattern to occur over the width of the cup or about 6-8 months. Any gold related
instruments...
Gold reached a 12-month high and is within striking distance of its all-time high.
Its bullish trend has accelerated on the hourly chart and is now consolidating within a potential pennant pattern, which projects a target around 2065. Incidentally this is just beneath the all-time, which is a likely area to witness a pullback due to profit taking.
Volumes were...
If the condition is met, a great possibility trend until it arrives target zone
If the trend has reached the target zone, then a red bougie has formed, a high probability that the price will come down until it touches the vwap.
