Potential Double Bottom on weekly TF. Price is now pushing up toward the neckline resistance area. If rules are met we will enter if not move on to the next. please let me know what you guys think!
Weekly TL was support for a while then re-tested as resistance 2 previous times, can we possibly have a 3rd touch to move this par back down??? only time will tell, comment your thoughts.
Price broke through a strong weekly resistance area, has been consolidating ever since forming a symmetrical triangle pattern. US dollar showing signs of weakness so i see Gold shooting up.
Price is currently testing Monthly Resistance area, where price has been rejecting, possible Head and shoulder pattern in the making on the 4hr and Daily chart.
Possible Inverse H&S pattern on this pair on the Weekly TF. On Daily we have a Descending triangle where price is trying to break a support level to fall down to form the right shoulder of the pattern.
Possible Inverse Head and shoulders on Daily, waiting to see if price breaks neckline for further confirmation. Price has been consolidating for 2 weeks now testing the weekly trend line.
Possible Asscending triangle on Weekly TF. Price will be reaching resistance zone where we can possibly see opportunities for sells down to test Ascending TL.
Break and re-test of Daily TL to confirm short time move down.
Price trading in a weekly range where price rejected range support via pin bar. currently rejecting resistance area of 83.962 where upon breaking we can a push up to 86.850 level.
