Retail 66% long looking for there SL to be hit a test of 1832 based on the DXY strength at this moment.
I am long term gold and will be hunting for longs down at 1826 - 1834.
I do not see the market giving retail simple easy bull run, this will happen after they have been stopped out and a retrace has been completed
Observe how the 1.618 CD extension from the internal ABCD (white color) coincides with the 1.272 extension of the external XABCD (orange color). I personally believe that after a short correction in the 0.618 retracement level (marked in red circle), gold price will expand to the 1.272 extension, making a possible reversal point if a Gartley sell pattern takes form.
clear definition of an uptrend market , an ascending channel , creating higher highs and higher lows .
once we break that at the close of the 4H candle time frame , we look for opportunities to long the market to the next , for a possible triple top.
We could see a continuation to the downside from here to 1620 area by the end of September, beginning October.
That would take GDXJ to 34$ or so and GDX to 28$
If you long, at least enjoy the music.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Well, as we can see, the price has formed a symmetrical triangle pattern, and if it can break the downtrend, we can expect growth to the targets. BINANCE:SOLUSDT
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
Gold been pretty choppy this days, and his down trend should be over soon as september start. 1806 is my last short target, by now I'll be looking for longs and my 1st target is 1830. This is my point of view, leave your feedback down there