Signal was sent out this morning to my signals group, currently on its way to second TP For any further enquiries Message me
Confluences: 1. Yesterday we already saw a 100+ point move to the downside due to poor performance of Financial Equities 2. Today the US10yr is already 5% down in value. Please Like and Follow me if you agree/ like my idea.
i) As we can see by my chart, The nasdaq 100 index could potentially be setting up for a short term selling opportunity if it bounces off of the resistance, however before thinking about shorting we must also consider the fact that Nasdaq has been bullish for a while now, therefor scalping shorts would be ideal. ii) A buying opportunity will arise if it respects...
As we can see Gold has respected, yet tested vital support multiple times, using the fibonacci retracement we can see that a retrace/ pullback may occur, giving us short traders a beautiful entry.
As we Can see, price has respected multiple support & Resistance zones, there may be a fib retracement allowing us a clean entry, utilizing a R:R ratio
As We Can See, Price Has Been restricted to this long parallel channel (i.e Trendlines) and by the use of my purple zones we can See that Resistance has been respected multiple times, For a Clear indication of a bearish trend the trendline would have be broken, I'm looking to get into a short utilizing a powerful R:R Ratio, however there will be a gap once Market Opens.
It has bounced off trendline, setting up for a possible short position My stratergy is looking at a 3:80 R:R ratio, wait for retrace to fib level for confirmation
Analyse my chart
tight support at 9623- 9716, in consolidation rn
if it breaks 1523 it will be bearish
I definitely feel as if gold will continue its bearish stride, with possible retracements I see support around 1503 -1500
I believe gold will drop to 1470