Thinking Gold may fall to support area and then raise again to head towards the ALL TIME HIGH.
Fibs lining up for a long. Price rejected off the 0.6618 Break - pullback - launch
are we headed down as yet?
Price action Heading down. The Daily Chart Shows. Lower Lows leading in to Lower Highs. We are expecting a Lower Low next.
At first I thought Price was heading up higher. But after I drew those trend lines.. I realized price was changing direction. Rejecting the area at the top and is now coming back down for a quick retracement.
keep it simple.. Price heading up in this gold Chanel
Looks like a uptrend. But its gonna be a bumpy Ride.
During the coronavirus, the Demand for certain commodities like Wheat will Increase drastically. Curfews, lockdowns, Marial Law = People stay home and eat more = rush on Supermarkets for breads, flour etc. Price gonna head way up!
Biased towards a Long here on the USD Zar so far Im seeing price settling on an area of support ..expecting USD to regain strength this week.
little 'Iffy' about this trade idea, but I'm gonna keep sharing
ZAR/JPY is an exotic currency pair that I do not trade very often. But I see an impulse wave carrying price up to resistance. Price touched the .618 very cleanly and moved up.
I'm learning this principle "All is One Movement" . After the March 9 FULL Moon, price has settled at support and now determined the new direction its heading to.
There's a Head & Shoulders on the 1 Day Time Frame and now i see one forming here on the 1 Hour Should go down.
Price will eventual go up as we go closer to Christmas but it has to head back down into a area where buyers orders are waiting.