As you can see,
XAGUSD tested the green structure three times,
It is going to test fourth times,
As a chinese said:not to do anything more than three times,
I think that this time this resistance position will be broke,
Silver is creating new higher high,
So we should long it when the price broke this position and ...
GOLD stop near the re0.618,
stop creating a new low point,
The price action tell us that the short power is weaker and weaker,
Now what we should do is don't try to any short action but fine a chance to long it,
1H chart show me 1170 level is a good position to long XAUUSD.
We set SL at below 1156,target at 1225 ...
EURNZD wandering for a long time at ABCD(in red) D point,
The strcture is effective support still,
We can long it at this price area,
Weekly candle is going to close,
Tonight is NFP night,let's expect and find a good chance to long it.
USOIL HAD TOUCHED THE STRCTURE,
BY COINCIDENCE,THIS POSITION IS ABCD's D PIONT,
NOW WE SHOULD NOT LONG USOIL BUT KEEP WATCHING THE PRICE ACTION AT THIS AREA,
PLAN A:SHORT IT IF PRICE CANNOT BREAK THE STRCTURE,
PLAN B:LONG THE PULL BACK TO STRCTURE
As you can see,a bullish cypher is finishing,
We can long XAGUSD at 16.743,target at 17.191.
But,at the same time,silver had broken the keep support position,
So this bullish cypher we can not hold a long time.
XAUUSD is about to choose the direction,
Long or Short?never mind,
Only what will we do is keep watching,and follow the direction,
Now gold is going to choose direction,
Test 1212 again,or upside 1250,
Just don't guess but expect.
XAUUSD HAS TOUCHED THE KEEP STRUCTURE
THAT POSITION IS A VERY IMPORTANT
SHORT IT IF SL HIT,A LITTLE PIP WE LOST ONLY;
LONG IT,WE CAN GET A BIG PROFIT;
IF THE STRUCTURE BROKEN,WE CAN LONG IT FOLLOW THE TREND,
NOW WE CAN SHORT XAUUSD
IF BROKEN,LONG THE PULL BACK AT ABOUT ...