DavyCoth

DavyCoth Updated 

Looks like we are making a bearish pennant in gold and thats why I expect more sideway move then market decide the way. Important support and resistance are marked in the chart.

DavyCoth Updated 

After strong bullish move I expect the test of previous resistance levels around $1300. 4 hour RSI is overbought, at daily we can see a bearish divergence and H&S pattern at 15 MIN was created. Impulsive down is very reasonable. Good luck!

DavyCoth Updated 

OANDA:XAUUSD looks like forming a bull flag at 4H and prepare to test main resistance at $1242 level. The key support is at $1215 level which was the main resistance of previous sideway move.

DavyCoth

OANDA:XAGUSD gives us a good long opportunity based on inverse head and shoulders pattern signification for bottom in mid term. Weekly MACD also turning bullish. Wee saw the strong price action last week also at OANDA:XAUUSD . It's a good opportunity take some long at 14.450 - 14.500 when we find support at 0.618 fibo retracement of last wave up.