Mario_PLN

Mario_PLN

According to current posession and assuming that we have already bottomed with retrace around 50% fibo extension point (0.49 area) we shoud next hit 61% of this fibo (0.827 area). Currently price is between 0 and 23% (0.49-0.62). No fundamentals on this pair in my view, only technical. Have a nice weekend and trade safe.

Mario_PLN Updated 

My old fasion broadening top pattern (1.272) is still valid. Now it is richier with those divergences. Maybe it will happen again like year ago. Lets see.

Mario_PLN Updated 

It looks like GOLD needs to test middle KC which is also 38% fibonacci and red trend line broken 3 months ago. It may also test this HL bullish trend line. Within my natural bullish bias I wanted yesterdays new LL to be a bottom but from this chart it looks like it will be very hard from here to go up more than small intraday swing. I need to take this big view...

Mario_PLN

This is how I see it. One top of broadening top pattern already made, second in progress. + fundamental stuff that puts DXY lower.

Mario_PLN Updated 

As You can see some fundamentals features moved GOLD aggresively on earlu London session. Now price passed thru whole KC on H1 TF staying outside upper border. Lower possibility to retrace it to the middle but as always with fundamentals price can back very past to 61% range. As a natural bull I will take it as a bullish wedge and will search for a buy in upper or...

Mario_PLN Updated 

In current chart You can see 2 last fibonacci retracement on bigger and smaller time. Both took place on important fundamental env. First one took place 2 weeks ago on NFP. 61% was hit and price went into retracement swing up to 38%. Second one is small intraday trend which took place today and again 61% was hit and then after Catalonia annoucement London took...

Mario_PLN

Since monday GOLD made 61% retracement of 260-305 swing and landed allmost at the bottom of 25 august candle low (275). My buy since 260 is still open along with one sell for protecting purpouses (Ive opened a sell after first bearish long H1 candle which broke EMA22 on H1 chart at monday evening EU time). Fundamentals With D.Trump ready to change FED chair...

Mario_PLN Updated 

D leg is very close to 61% fibo. If You watched my previous butterfly on EURGBP they are very similar as structure. Both are pointing to 61%. Good luck.

Mario_PLN Updated 

After last friday fibo channel on GOLD this time EuroSterling got his numbers. It doesn't need to be described. Practice fibonacci tools along with harmonic patterns and take an advantage when playing with market. Good luck.

Mario_PLN Updated 

Yesterday didn't brought nothing spetial to GOLD. One spike to 61% retracement of previous intraday swing which is also 50% retracement of 205-360 daily swing which was not tested as resistance since broken. We are in same trading range 267-275 which is currently in the middle of KC (1H). With very low ADX on H1 and current consolidation area price is waiting for...

Mario_PLN

3 things. 1. Swing 2. Time correction (Asia and EU sessions) 3. Swing Both swings took their finish @ 61% fibonacci retracement. Both swings were made @ US session;-))). Thats how algos often works.

Mario_PLN Updated 

My target 270 was reached yesterday and 267(ext 16 aug candle low) is in play today. 267 is also a big resistance/support range which was threaten by big green/red candles through this year's swings, so this may happen again this week. Technically ADX (Daily) rise a bit since yesterday and looks like momentum finished its bearish parabolic cycle with yesterday...

Mario_PLN Updated 

As PA has flattened near to 61% and 2017-07-14 low with H4, D1 bearish momentum weakening and very low ADX (H4) (which may stand for reverse), I will try to be patient and base on Daily and Weekly TF technicals I will wait for another leg down which will complete gartley 222 D-leg pointing 61% fibo retracement. If PA will break yesterday high I will change my...

Mario_PLN Updated 

As I was saying last thursday price kept bearish momentum, but technically it starts to change on H1, H4 TF and it can be a maximum momentum parabolic feature on daily. As long as ADX is in strong value @ H1, we need to respect it on intraday but it is flat on H4 and low on daily so in longer few session price (if there will be no volume to test 267) can get in...

Mario_PLN

Thanks to Fibonacci we have many tools helping with everyday analysis. Fibonacci channel is one of them. It is a simple tool which can cover whole swing and when used properly can find a lot of possible places for PA to bounce and create small intraday swings. Educate, practice and trade with Fibonacci cause this math algo is everywhere. In single atom, in plants,...

Mario_PLN

Like they say, 'trade with the trend cause once it happens, never end'. Now the situation is kinda clear. Price is in strong downtrend (H4) or retrace. ADX is rising, bearish momentum is rising and PA dive deep under lower KC band. Possible range is 01 august H4 candle tick - 25 august low (272-275) and if this can't hold it then august 16 low (267). Trend is...

Mario_PLN

I know this is weekly TF and so long time needed, but first triangle was almost perfect with its 78.6 retr. D-leg should finish somewhere 1116 $ area. If this will happen we will not see 1360 anymore this Year;-).

Mario_PLN Updated 

If D-leg will continue it can achieve 1.272-1.618 ext. 1.272 is close to 61% fibo. Good luck