Now it seems that XAUUSD in the downtrend channel and can only find support right on the top of the red box in this chart, with a downtrend line support.
Then see a movement in the box. The top line and the bottom line can both find structure in history price.
Yes! Traders looking for another $100 margin in XAUUSD.
The market is heating about the Federal Reserve raising interest rates in min-DEC.
Here, chart is showing both way for XAUUSD to go after tomorrow.
Both way could have almost 100 dollar and both way could have enough reasons to go.
THIS CHART SHOWS A POTENTIAL GARTLEY AND A POTENTIAL BAT FORMING AN REGION FOR LONG.
HOWEVER, just for now, resistance wih downtrend line give traders a good opportunity to short GBPUSD.
Market did give a great action last week after Mario Draghello's new strategy direction.
After a deep down, EURUSD need to be watched before any longer movement.
The uptrend channel and downtrend channel affect EURUSD at the same time now.
Price may come to the annoying area as a big bomb will come next Friday.
BETTER BE SITTING HERE WATCH EURUSD TO CHOOSE DIRECTION
A big GARTLEY D and a small CYPHER C are right here waiting for traders who is going to short on USDJPY.
Watch USDJPY pirce movement to decide which plan would be better.
DXY is expecting another perfect harmonic.
See those RSI reverses, always can find a perfect harmonic to accompany.
DXY now hit the right place at 97 last friday night, could be a bearish begin from now on.