This is a rare setup triple bearish divergence on the macd, price getting squezed, I'm waiting for the right price action to short this one.
Wait for the right price action, don't jump into a trade, it looks more bear than bull to me.
I expect gold to make a final dip in 2017 before the big jump happens. Call me crazy, but this is my plan. For now I'm not trading it untill I see what I need to enter. This is not a trade setup, but an overview. Advanced traders know what to do.
Wait for the right level to short from. Sitting on my hands untill we go to 56-57 area.
As you guys can see the channel median of the descending channel is blocking the price, see the chart below. There is a support here, but I don't expect a major movement. The trend is still down and I am waiting for a nother short entry. Time to double up soon. At this moment I'm more bearish than bullish, untill price proves me wrong. So many daily candles we...
See the chart to understand, advanced traders know what this means.
Allright, the weekly resistance showed it's strength already. We have been waiting for this!
Advanced traders only.
Bullish breakout of the triangle and the retest seems to be there. We have a serious round bottom there, but still wait for the right price action and don't jump into a trade. Good look to all.