Short at market. Weekly shows bearish engulfing. Currently trading at 23.6 fib and below Resistance Targeting fresh lows
Short as previous support/61.8 fib is holding as resistance
Possible price action on daily timeframe. Gold in a downward channel - expecting a pullback before a continuation of the down trend. Short confluence is previous supply/demand zone, and channel trendline. Targeting previous support/orderblock and 61.8 retracement from most recent A-B boundary
Trading around support - above 89212 and we should see a nice rally
Respecting support from previous resistance. Bullish candlesticks - engulfing Targeting recent highs
Waiting for a sustainable break above Resistance
Previous demand zone met and rejected --> supply 61.8 retracement respected from 4hour A-B boundary Bearish engulfing
Price formed a double bottom and rallied - retracing back to 38.2fib/previous R -->Support/ EMA Crossover on hourly I'd like to see a push back up to recent highs - may rally further but since it's Friday I'm only looking to take a small profit. Almost 3:1 ratio
Looking to add to my previous short position!
Cross over on 2HR timeframe - double top - trendline resistance - bearish engulfing Looking to target 50fib lvl of most recent A-B structure on smaller timeframes and a longer term target would be back to the neckline/trendline support
Bearish signal at 50 fib - EMA Cross over - trading below major psych level - broke and retesting trendline Looking for a trend continuation back down to support
Daily chart reveals a bearish engulfing candle - breaks below daily support level. We received a pull back to the broken level and got another bearish engulfing on the hourly. Target is a fib extension as well as a previous demand zone shown.
Shorting down to the 50 fib level of the most recent AB boundary. Great RR - a break above Resistance and I will be looking to enter long
Awaiting a further pull back to initiate a buy position