Kaan_ARTAR

Kaan_ARTAR

Disclaimer: I am just expressing my opinion, i don't accept any responsibility about the trade u will do using this idea. Use your ideas and analysis allways while you trade.

Kaan_ARTAR Updated 

Friday, Gold has failed to cross above 1737$ yearly fibonacci strenght level, because of the bears that entered the game when gold touched to 1760$ and also it is a really strong strenght level. But after touching to 1760$, gold drawed a bullish pennant and completed its movement inside of it. With the new week I have got 2 ideas about how it will break above the...

Kaan_ARTAR

I am expecting another market crash actually and probably price will move like 'nearly' this. After double topping in this week price will fall back to 1740 and make a last swing to 1760. Then with the new 'head and shoulders pattern' price will break the 1737 resistance and start to crash. Disclaimer: I am just expressing my opinion, i don't accept any...

Kaan_ARTAR

Gold is completed its 4 move inside the triangle completely and it can break the pattern any time soon. Macd and wave trend signals potential break out. But between 1735-1740 we've got 2 montly and yearly fibonacci strenghts. I think today after 16.00(GMT +3) it will be much more clear, untill then i dont expect it break out for now.