There is a possible SKS formation on the daily timeframe. I am looking for a short entry if there is enough volume to the downside.
Looking at the H4 timeframe on XAUUSD Chart you can see the price trading around the SMA200. The price is trading in a range. A breakout could be a possible trading chance in the breakout direction.
Do we see a diamond formation in the SP500? It is often seen as a bearish formation... Are the markets are running in a correction now? We'll see in the next week(s).
Looking for a short opportunity in XAUUSD. H4 timeframe: testing SMA(50) H1 timeframe: testing SMA(200) if this holds, gold could be a possible short setup when the prices breaks 1226,00
Price near SMA(200) and under Pivot Point. If the price will break the SMA(200) to the downside, this could be a possible short opportunity.