Gold turn to respect a red path I previosly published on the 3rd of Jan 2024, We have broken the blue trend line and respecting the green one which gives us a clear signal to go short/sell. Broken trend must be tested it is therefor when we can have a smooth bearish momentum, this short position is highly supported by HEAD & SHOULDER setup being currently...
The us100 has made a new high point which was influenced by a continuous setup of falling bullish flag/falling wedge, however before we futher move up we might face the retest at the levels 15650.46 and 15151.13, Testing breakout of falling flag and broken supply which if it tested becomes our demand zone. #daily_analysis #notsii_markets
I think we might have a drop down Gold we have unfilled gap that appears between 6 Oct 2023 and 8 Oct 2023 we also having head and shoulder formation which is curretly happening, Also if we take a look on weekly timeframe we have inverted hammer and 3 rising formation on our major supply level. If this week candle close up bearish covering those 3 weeks rising...
