with heavy sells for last week and buys on Friday ,we are looking for price to break out of the pull back we are having on the daily. If price continues to go bullish we can look for a retest and a rejection from the 1932 area of interest , having multiple rejections from this area for weeks we can look for the last rejection and a head and shoulder pattern to...
with gold breaking the trend line we are looking for price to break out of the daily pull back and push up touching newer highs or retesting previous high.
entry ,sl , profit targets are based on fib levels and
after two week of bearish momentum we can see price is dropping into a area where price turned support and resistance . we can look for price to drop into support zone and start to continue the uptrend on Tuesday / if this analysis plays out Monday would probably be the only day left for the week to trade sells for gold and Tuesday would be a day price...
with rejection at the 167.900 area I see a hammer candle and then I see a bearish engulfing candle this indicates that price is reversing .whatf i am looking for is for price to break that trend line and then pull back up the 167.400 area testing the trend line and rejecting it and forming new market structure.
just a analysis do not take trades if not confident .
on the hour time frame we can see price start to have a pull back at the 165.500 area now we see price in a down trend heading towards that area .i am looking for price to break that support zone and pull back to my entry zone where I would place a sell limit to wher e if price test that area it would reject and continue bullish
