looking for a new value area.
looking for a test of the 7098.5 at some point
Long term long bias
Since Dec the rally in Gold has been sharp, I have performed some cycle analysis on the 4hr charts with data starting from the start of the rally in December. Interestingly the result represents some constant similarities from wave to wave (cycle to cycle), the amplitude and longitude of the waves over the 11 cycles can be averaged out to produce length and...
obviously this will depend on the results but healthcare has been performing badly of late (Trump), and shares may be pressured
small retracement and then a move higher
Move away from the value area looking for a move back in
Short to make value lower down
looking for a test of value area
Will it test the highs again?
look for RSI Break for confirmation
trading within ranges if any my bias is short