Another share from the TTR, this time is a commodity chart - #GC
Beautiful move up on Friday!
The price has stopped right at the trendline support; there is one more resistance box above it. When/If it is broken, we will see the next trendline tested again, followed by a breakout box.
This is a very bullish action as if the price continues to break out, then...
GC created nice 15M bullish breaker aligning with 15M FVG. I will be targeting weekly equal highs as a draw on liquidity. 1:2 RR would be available in this trade
Good evening and i hope you are well.
Interesting day today. Very strong move by the bulls above many bear trend lines. The first move to 2046 happened exactly in the Globex session as i said but the spike to 2058 was so big, that all bears had to give up. I expect follow through.
Quote from yesterday:
At 2046ish are 3 magnets: upper bear trend line, 1h 20ema...
gold forecast. We believe that 3 downward waves have been completed after 5 upward waves since October 2023. So we would now be in a new wave to the upside, targeting 2150.
-This week I've had an overall bullish bias for Gold to head to the PWH after we put in a fractal swing low on the weekly, confluence with wicking below several weekly lows.
-Although today's Daily candle close isn't super strong, I'm still leaning towards looking for longs.
-Daily candle rejected from the Daily +OB again, and also failed to displace and close...
In reviewing the chart, I've observed a recurring descending triangle pattern. Despite numerous attempts to break out, the pattern has consistently failed. My entry point stands at $2042.7. For the exit strategy, I plan to set the price slightly above the last swing high, while aiming to secure profits at the last swing low.
Entry: $2042.7
Exit: $2045.8
Take...
On a 1-hour timeframe, we are currently in a bearish flag pattern. The green box represents a significant resistance line, so trade caution if you are considering opening long positions. Additionally, there is a decrease in trading volumes, which is also term for short move.
The trading setup may involve entering the market within the flag pattern, considering...
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Good evening and i hope you are well.
bull case: Bulls stalled the market around 2040 which is important now. Bears made lower lows and broke below the triangle. Bulls need to trade back above 2040 and they want a retest of the smaller bear trend line around 2046 and then make a higher high above 2050. At 2046ish are 3 magnets: upper bear trend line, 1h 20ema...
COMEX:GC1!
YOO family....I hope all is well>>> Lets Chop it Up and Go over this Future Short...
Here are the few things I will need to see in PA before I enter SHORT...
1) On Friday Feb. 23rd Buyers pushed price up nearly 200pts during both session combined London & NY and Entered a major a Daily Supply Zone. Sellers held resistance inside the Daily Supply...
AMEX:GLD COMEX:GC1! looks ready for a move up. RSI paused just below 60, ADX move not started yet, MACD and price both coiling
A lot of Economic Reports on deck this week may act as catalyst.
I see price buying just to clear liquidity as for now. Price did its 4th element which was the reversal to the upside. That element usually aims for liquidity pools, external liquidity, highs and lows, before reversing. Im watching this every 15 days. Already rode the buy up at @2008
Now we are moving in a developing descending channel, and when the price reaches the rectangle area, you can open a short position.
Reasons for opening:
1. From this price, a descending movement observed several times.
2. When the price reaches the box area, you can see a sharp angle on the Williams' Alligator.
Important! Follow risk management and do not open...
