There is no perfect trading strategy or system, but I work regularly on improving the strategies known to me by analyzing frequently and by constantly following up on a pair. For this I urge you to interact and to follow my posts.
le gold a touche un support fort 1782 ET ON A UNE DIVERGENCE au niveau du Rsi qui claire donc d'après mon analyse il van chercher les 50% de Fibonacci qui se situe au niveau du prix au 1808
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Found broadening wedges pattern in TF-h4. However, I'm not sure if it is descending broadening wedges. Firstly, I thought it was a flag pattern, but the chart got wider and already broke the resistance line.
I'm not telling this if it is gonna bullish or bearish because this can be a false break if it continues falling or bearish if he follows my prediction draw lines.
A potential move for gold using Fibonacci retracement. I expect it to pass the 1725 resistance below and retrace to the 0.236 level before continuing to push up to the resistance levels above.
TP1 = 1735
TP2 = 1750
Please let me know your thoughts!
Currently Gold has created a trend reversal pattern which is a signal for a new trend. I will wait for the break out of the channel , retest then I will enter my buy orders. Let me know what you think in the comments below.