In an established trend never go against it! Now we have a good opportunity to buy the dip.
Price hits channel and finds support and also 1h-30m-15m show bears are exhausted. Bullish div on all these timeframes.
HUGE falling wedge is being made here, crossing the last downtrend channel at 36.70. Lower line of this falling wedge shows at the same time a megaphone pattern.
The SL is at the channel support in the chart visible below.
If that channel breaks we will see price in the 20's. That would be a serious world disaster then...
Weekly shows we might see a channel support end of the year. Possibly with bullish divergence.https://www.tradingview.com/x/ajnxKKCv/
The high of month May is still not violated and we are near violating the low of April. Current monthly candle shows more selling pressure than buying pressure.https://www.tradingview.com/x/jWvRHEWd/
For me I stay neutral,...
Bullflag composition after done a retest. Broke out the yearly downtrend line and now is looking like it wants to go up.
Bullish divergence and the 4h candle looks promising. I'm long, with the details in the chart. Good luck everyone!
Some serious resistance here been tested so many times and I expect GJ to drop for at least 500 pips or even more.
For me this is a now or never trade, because the chart shows still price and indicators keep hovering. That shows me that this is a sign of the gap needed to be filled (weekly) before diving further.
TP, SL and entry in chart. Good luck
I said that gold seems to be ready for it. Well the market made up his mind so did I.
My short queue is at 1129 with a sl at 1134 TP should be dynamic at least 1033 and might go even lower if the bears get really hungry!
We are trading in a triangle since the beginning of this year and now it is in a rising wedge. In the rising wedge made a daily shooting star on resistance of the triangle AND rising wedge.
There is also a small divergence no hidden one, so this might be the first signal for change of trend. Hiking rate with the dollar this high would be a disaster, so...
This is about to break the trendlines and most likely is to the downside, because this is a falling wedge.
What I see is that there is a potentially SHS pattern in the make at the top, if that is confirmed I will short directly or else wait for perfect entry. For those who like to queue their entries this is a nice...
Last sellers sold their gold, if we get a daily hammer this might be a great long! Bullish div on all timeframes, so potentially this whole downtrend could be a bullflag.
Also we have channel support here and the turquoise line is horizontal support.
Earlier I posted an idea where I looked for 1160, but was revised by me....