Look to buy gold at the major LH and target the previous high. As long as price doesnt make a lower low structure will still be to the upside. If price does break structure look for a sell when price pulls back up for a retest but I think price will make a double bottom and push up
After Long and Short yesterday, Gold continues Bearish as expected.
As gold just break main support just now.
I will keep shorting until we hit bottom before start going long.
This week could drop below 1900.
Next Update in Comment Section.
As you can see in the area I marked with the yellow box, gold broke the bearish channel while inside the bullish channel and this means now that it will rise up to 1.414-1.618 fibo levels, I expect it to go to the target from the area I marked as the support zone
Please like the idea for Support & you can share your ideas and charts in Comments Section .. !!
I drew both the rising channel and the falling channel and the gold seems to have broken them now, so we have 2 target zones.
I would be glad if you share your own ideas as a comment under the analysis.
Here in GOLD its still under pressure of bearish but the trend is bullish which will remain to keep its growth. Gold testing the area 1920-1950 much more, so it gonna fall or fly over long range this time once it break with high momentum. Well if we see pattern then it show the bearish but it also have bullish pattern. Get trades above or below the level i've...
Price is in a range on the 4H. To play the range: buy the bottoms and targets the tops and sell the tops and target the bottoms. Do not target higher or lower than the consolidation range until it breaks. When price breaks wait for a retest/ HL/LH to enter for a longer term and bigger targets. This is much safer then trying to call the breakout and end up getting...
- Price reaching our first goal of 2020.
- We are expecting a break and retest and a move higher to our higher high.
- Preço próximo de atingir o nosso objetivo de 2020.
- Estamos de momento a aguardar um break e retest da nossa zona e um move maior até ao nosso alto mais alto.
I wanted to prepare a 3D analysis, I hope it will be useful. Think of zones as gates and let's watch which door it passes through.
I marked our goals with an arrow
The resistance zone or support zone, whichever is broken, is likely to come quickly afterward.I will share an update when the break occurs, if you follow, you won't miss it.
Please like the idea for...