SunLion506

SunLion506 Updated 

The chart is influenced by News and some fundementals which make Gold want to go up however this trend is now heavy and may become Bearish soon. The trend is showing signs of weakness since the 9 EMA is starting to crumble towards the 20 EMA, and it may possibly like a clock head towards the 50 EMA and eventually the 200 EMA on the 1 Hour Chart. I am focusing on...

SunLion506 Updated 

Short trend might end up retracing on the 50 EMA on the 1 hour chart , possibly making a head and shoulders if it does bounce of the 50 EMA. Confirmation after passing 50 EMA will increase possibility that chart might end up reaching the 200 EMA on the 1 hour chart.

SunLion506 Updated 

Chart is entering the Unpredictable Zone. In this zone there is high possibility of change in direction or continue. Chart has a higher probability of reaching 200 EMA on 1 hour chart. Closed Short Position since chart is near 200 EMA on 1 hour chart.

SunLion506 Updated 

Expecting chart to possibly drop until the 200 EMA on the 1 hour chart.

SunLion506 Updated 

The chart is getting heavy and a short position may be possible when chart bounces of either 100 or 200 EMA on Daily to continue a possible swing Short.

SunLion506

Chart may continue towards 200 EMA on Daily. Good for Long position. Chart may bounce of 200 EMA on Daily after. Good for Short position.

SunLion506

Long position is possible if chart breaks out past 50 EMA on Daily to continue Bullish towards 200 EMA on Daily. The chart is Bearish and there is a possibility it will eventually conitnue a Bearish trend after a bounce of either EMA (50, 200).

SunLion506

Long on the way back to 200 EMA on daily. Due to Gold's bearish weight and the weight of the chart wanting to go down there is a possibility that the chart might bounce of the 50 EMA for a short but if it does not then the next spot might be back to the 200 EMA on the Daily chart making a bounce of either the 50 or the 200 EMAs for a possible SHORT.

SunLion506

Long Chart might return to 200 EMA on daily before bouncing of 200 EMA for Short.

SunLion506

Strong possibility that chart is returning to 200 EMA on daily.

SunLion506

Long towards 200 EMA on Daily then bounce of 200 EMA for Short

SunLion506

Possible return to the 200 EMA on Daily chart and then Short once it bounces of 200 EMA

SunLion506

There is a possibility it might return to the daily 200 EMA good for a Long position before bouncing of 200 EMA and becoming Bearish for a Short (Upper Red arrows) or It might end up breaking support and retesting it for a good short. (Bottom Red Arrow)

SunLion506

If the chart breaks support line (shown in blue line) it could come back to retest the line and conitnue down good for a short (shown in buttom red arrow) or it may bounce of the support and return back to the Daily 200 EMA (following the Green arrow) then bounce of the Daily 200 EMA and conitnue down towards a Short (Shown in Red Upper Arrow).

SunLion506 Updated 

If the chart breaks support line (shown in blue line) it could come back to retest the line and conitnue down good for a short (shown in red arrow) or it may bounce of the support and return back to the 200 EMA (following the blue arrow) then bounce of the EMA and conitnue down towards a Short (Shown in blue Arrow).