Monthly: It is clear that price has rejected any bullish orders. Rejecting the bearish TL on the 3rd touch Major pullback candle. Weekly: Price did close above previous candle. We could see a potential push on the smaller TF to find more sell orders. Daily: Triangle formation in motion. Breakout to occur. Price is ranging between zones, not really a...
Monthly: We have a monthly bearish TL waiting for that 3rd touch Price has rejected the Monthly Resistance with bearish engulfing candle. Bearish Weekly: Confirmation on Weekly TF for bearish momentum. Broke the uptrend, big rejection indicating shooting star bearish . Where seller came into the market. Daily: Broke the previous support. Will most likely...
Monthly: We broke the monthly uptrend June 2018. With a big retest to start the bearish movement. Currently in our downtrend. Consolidating on a Monthly Support level . Rejection candles indicating strong support zone. Weekly: Price respected the bearish TL on numerous occasions. But price is getting in a triangle formation. Waiting for the breakout to...
Monthly: Price is ranging between Monthly Support and Resistance zones. We can see it did reject of the resistance level and made a bearish run. Weekly: Gold is trending and shows a lot of turn around levels. Perfect price action setups. Price rejected of the current support with a bounce and found momentum quickly. Daily: Price broke previous...
Monthly: Price is ranging between Monthly Support and Resistance zones. We can see it did reject of the resistance level and made a bearish run. Weekly: Gold is trending and shows a lot of turn around levels. Perfect price action setups. Price rejected of the current support with a bounce and found momentum quickly. Daily: Rejection of the support. Looking...
Monthly: We broke the monthly uptrend June 2018. With a big retest to start the bearish movement. Currently in our downtrend. Consolidating on a Monthly Support level. Rejection candles indicating strong support zone making. Weekly: Price respected the bearish TL on numerous occasions. But price is getting in a triangle formation. Waiting for the breakout...
Monthly: It is clear that price has rejected any bullish orders. Rejecting the bearish TL on the 3rd touch Major pullback candle. Weekly: Price did close above previous candle. We could see a potential push on the smaller TF to find more sell orders. Daily: Price opened on a mid range zone. Which will be a Support zone on the 4H timeframe. Wait for...
Weekly: Confirmation on Weekly TF for bearish momentum. Broke the uptrend, big rejection indicating shooting star bearish. Where seller came into the market. Daily: Potential setup is to wait for more sell orders and continue to make a new LL and continue to our new Support 4Hour: ENTRIES!! Wait for one correction move. We will see impulsive move first...
Chart made simple and easy on the eye. Various levels of Support & Resistance areas Good indication that gold is a trending market Price broke bullish momentum with a retest on the zone & TL Adding bearish TL and get 2nd touch, we are waiting for 3rd touch on the TL to make a new Lower High. From previous data we can see this area is were price consolidates and...
WAITING FOR INDICATION FOR DIRECTION ON THIS PAIR. FROM WHAT I CAN SEE CURRENTLY IS A RETEST ON THE RESISTANCE LEVEL BEFORE GOING ANY LOWER.(FINDING SELLERS) TO BREAK THE UPTREND AND GO BEARISH. IF NOT WE WILL CONTINUE TO FOLLOW THE BULLISH TREND AND BOUNCE OF A SUPPORT AREA ON THE TL
All depends on the dollar this week. There is a big level of resistance on the smaller timeframe we could see a break or bounce on that depends on the data this week for the dollar. My expectation that I see at the moment is we could see an exhaustion move on the smaller 4h TF. Follow by impulsive move for that next resistance. Retesting that level and continue...