UKOIL Brent crude is due to continue rising during the summer at least up to $55-60. High gasoline/petrol during the warmest season of the year is already taking place. Oversupply is not lasting long for a finite commodity specially in an increasing more volatile and unstable world where plenty of conflicts accross the globe are arising. We shall never...
SHORT IF IT BREAKS THE RED RSI LINE TARGET 1196 LONG BETWEEN 1243-1265 IF IT RETURNS FROM THE RED RSI LINE NEW TARGET 1312 PLEASE BE SURE BEFORE TAKING AN ACTION
After bearish monday, Gold is at critical level. If it will break 1263, it may spend some time in consolidation area between 1263-1232.
Is this wedge formation singla for future uptrend?
gold is preparing to fly high after breaking the daily correction channel the fisrt target is the last high at 1280 $
this is a long term view of the Gold. Now we are in the B wave of a correction. It seems that for years we won't have huge impulse moves.
Potential reverse at the mentioned zone due to valid Head and shoulders pattern and valid Three drives pattern in lower time frame
Look what we've got based on Monthly descending bullish channel 1M: Bullish channel (not wedge) resistance sustained 1D-4h: Reverse price bar on 1D with DIAMOND TOP and H&S, SHS or Head & Shoulder figures formed on top for reverse and move the gold to new low Some details and multiple timeframes charts would post later
Gold currently moving sideways. We have a potential Bat pattern. Entry at 1258.16 RSI currently in overbought region. Minor and major structure confluence
the B point is broken,BAMM model is going. buy @1243 sl@1237 target is 1258