keirhewitson

keirhewitson Updated 

If we can get a break on TL on 4H i would like to see a break of the low and then a possible pullback to then take this down to daily lows at aroung 1807.

keirhewitson

Gold stuck in a pennant and waiting for a break. Upside break will look to target 1900 and see how price reacts downside break, will look to target desending channel TL and prev HH at 1850

keirhewitson

With golds very bullish run, i would really like to see a nice daily/4h pullback into the 1840 region for a further push up towards 1950. - Previous daily candle was an indecision (doji) which is why i would like to see a pullback - Possible 4H double top? - Retaracement FIB zone matches up with support area - At the top of 4h channel However this retracement...

keirhewitson

Buy up to previous strong resistance at 1.975 Hourly Doji and 15min wicks 20 ema also being rejected on the hourly TF. Now just waiting for some volume in the market to drive price up.

keirhewitson

The sensible thing to do now is wait. We had a very strong move jumping in now may be damaging to the trading account as a smaller time frame retracement is needed if we were to get into another buy. I realisitcally see 1950 as a very achievable target but will have to wait for the next hourly closes to see if gold really does want to push up. 15m chart could...

keirhewitson

So we had sells with a target of 1829 entry from a 1H head and shoulders formation. SL at breakeven but i closed. Now a possible end to the pullback with a break and retest of the major weekly/daily channel. Also with the previous minor support at around 1852 being rejected and the 4H looking strong for a close and rejection of the 20 ema we could look to...

keirhewitson

Previous post looking for a reversal to then short gold down to 1829-1810 Will look to see if we get a double top at 1875 and a break out of lower TL channel will confirm a bearish move

keirhewitson

Possible gold sell, Looking at smaller time frame to get entry from reversal pattern. Will like to sell down to around 1829-1810 before looking for a reversal pattern to flip to the upside.