Spot Gold to U.S. Dollar
1850s area was the last support last time we were at these levels. Any lower will most likely try to find support from high liquidity levels to launch a rally to 2100 . All signs point to Gold being bullish with increased implied volatility due to macroeconomics , election , and many other factors.
Goldman Sachs increased their...
Use Proper Risk Management
Steady leg formed below trend support - false breakout or possibly a two-legged breakout
bulls exhausted as they tried to pushed above implied key level to keep momentum but failed
Expecting big bear candles to around the previous support where bulls held
Then retest to the breakout of the local descending triangle where bulls are...
Strong Uptrend Channel
Idea 1: Consolidates some more (decently small range) then trend up to resistance line
Idea 2: Consolidates then medium-big sized bear candle, retest to support then next target @ FX:EURNZD 1.76518