this will probably break out to the upside and play catch up because of silver and gold. I probably wont sell at the $1000 level and hold long term as it will suggest a long term trend change.
The descending purple line is a connection of monthly closes, we recently had our 1st weekly close above it. - Good enough for me.
Many shorts probably trapped down low...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.
Hi there. Price is moving impulsively to the downside. Wait for the price to complete the continuation pattern that its forming and watch strong price action for sell.
- possible short from 862.10 - we have fan pattern in the game
- best sell entry from 836
- possible target to reach: 1. 825 and 2. 810
- BUY/LONG from 865.30 to 885
**updates will be available in the comments section as price-action develop.
Regards, GoldfXcc Team
Wait for the breakout. Trade in the direction of the breakout. Wait for the daily close (above/below) of the breakout candle. Enter on the retest of the pennant support resistance line.
this occurrence is rarest thing that could ever happen!!!!!
if you wanna see the light of happiness, Short OANDA:XPTUSD
and if you like my work, find out my whatsapp in the other posts
Important level
From here price should form a duble TOP or can break it.
-If breaks, put sl below the red area and 1st TP at 870 area;
if it get rejected, sl above the red area and tp at 830 area.
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