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ES1! is forming a bearish flag pattern on the 2h TF
You can go short from the 0.382 fib and expect the price to go down to fib 0.236 level or even to the naked POC at 4014.75
On higher time frames we can see that after silver making a rising wedge pattern the price broke down and started to move sideways. We have a support area and a resistance area which the price has been unable to break. Price has tested the 23$ level three times and the 24.5$ level twice but failed. As long as we don't see a breakout it will be safe to take...
On the 30 min TF we can see an ascending triangle which is a bullish pattern. Gold made a new high at 1942.5 but got rejected and the price went down all the way to 1917. After that the price went up and faced the minor support/resistance (yellow horizontal line at level 1933.5). Now the price can move up and retest the major resistance zone and after a...
