looking for possible rejection of 1550-1570 area
my view looking like the start of a reversal of trend on h4 lets see if we can size in ... multiple rejections
sorry didn't post sooner entry 1.46428 ... deff good short you can size into ... low risk a lot of divergence
SEE a lot of divergence ... watching this falling wedge for possible break out
possible short will be watching this one for now keep ya eyes pealed
Good opportunity for a possible short lets see how it goes
a lot of resistance looking to size in this retracement n short
will search for a long position towards end of week took profits off last analysis i feel gold has a lot of settling to do watch structure
This is my trade for next week .. this daily drop is about exhausted we might see a wick under 1500 i believe but the bounce back will surpass 1700 only to find support low 1600s n gradually continue this uptrend... overall we will not drop under 1480 i believe so entries between 1480 -1525 are best entries for the continuation ... we going to see over 2k this...
possible inverted head and shoulders if 1574 support holds .. i have a micro lot long at 1554 target 1630 area
trying to get a good buy position in this drop but seems like we will find support soon for now micro positions till structure starts to form
so i see this bearish wedge being formed pushing against a lot of eager buyers ... the break out might be something real serious lets see .. this is my updated analysis 15 min chart lets see how it plays out
Over all plan for the upcoming month sometimes its good to pull back out of the noise see the bigger picture ALL OPPORTUNITIES are in your face jus let it come to you, personally i still have one original micro short position entry 1700 will be using that to continue to size in small moves higher risk of course maybe some 1 to 1 - 1 to 2 scalps ... we are in a...
UPDATE so this is what my entries look like.. sizing in is working out well now to watch gold continue into profit as this phase 3 slowly descends against golds bull we will be looking for long positions after gold hits major support ...this will be the chance to buy gold at a discount and hold till 2000 ...sorry for the messy chart
breaks and retest will help me size in this position with minimal draw down .. the trend seems to have started first few entries where at 1700$ should be able to hold