Intraday short - looking to capitalize on an oversold RSI. Aiming for 38.2 fib level at least.
LoNg PlAy. broken hourly trendline and 3 vector candles down out of consolidation - should see a reversal with the bullish engulfing back into consolidation towards previous highs
Price may be posed to rally higher completing a head and shoulder pattern before it's able to dip below current support levels
Another opportunity to jump in short?? Price is currently respecting support. A triple top on this daily chart will confirm a quick move down.
Watching for signs of reversal around the 61.8 retracement as well as the neck line of a previous double bottom and double top. Price looks heavy on the weekly but another price swing up before continuation is on the table. If price does rally - I will be looking for a triple top on the daily for a final wave down towards weekly support levels.
Looking for a long play here. A dip below current support level - any signs of rejection. Price is stuck in consolidation - another wave down would complete 5 waves of this deep retracement. Bounced off 61.8 fib/third touch on down trendline from A-B boundary going down. Another dump would be nice before a nice real price jump back into the 19.2000 area
Looking to take this trade towards 4 hour resistance levels. Currently respecting demand zone and a classic double bottom. We've seen a nice pull back on gold - lets see if UJ will follow. Next support below @ 108.500
possible price action on pound/dollar. a further decline into demand may push price into a swing before it really takes off. A 5th wave seems to be in motion allowing for a 3 wave retracement back into range. Happy Friday!
Possible short opportunity gold approaching previous support - resistance/38.2 fib retracement. Broke above a 4 hour down trendline - may be a false break out. A break below the up trendline and we can expect higher selling pressure
I see another move up before a deeper retracement towards the shaded area above