This pair had been rising tightly and it had reached the strong resistant region of $1,581.
It may do minor pullback first.
If you wanna long, wait and look out for favorable PA near $1,540 or 1$,520 regions.
DYODD, all the best and read the disclaimer too.
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Legal Risk Disclosure:
I remain holding my original position from the chart posted below (public, free signal) and am currently floating just under +2.934% unmarginzalied on this single position alone, without any drawdown experienced whatsoever. I will continue to add updates this week for those that are looking for the next entry. I will say this, don't negate the obvious 4 phr candle...
So the pet rocks have finally broke out after 2 months of consolidation.
4:1 risk/reward trade from here. Long with stops, ride it.
Seeing pretty much the same picture for silver:
Also for XAUEUR, but a much much clearer chart:
After discovering the World Currency Unit (WCU), essentially a basket of GDP-weighted currencies, and looking into how it was calculated, I realized it would likely serve as a better indicator of the Real Value of Gold & Silver.
I've been following this exact chart for a while now; Very interesting how well it's lining up with fib levels, as you can see. I've...
on WEEKLY: GOLD is sitting around a supply zone in green so we will be looking for objective sell setups on lower timeframes.
on M30: GOLD is forming a channel in red, but our lower red trendline is not valid yet, so we are waiting for a third swing to form around it to consider it valid and enter on its break downward.
We also have a regular bearish divergence...
Updating our previous post but so far it's shaking out just as we predicted.
Bullish Leg 1 = completed
Bearish Leg 2 = completed
Bullish Leg 3 = completed
Bearish Leg 4 = completed
Big Bullish Move Expected Leg 5