well , short term is short.
i will go long at 1441-1438 area .
there is news . 11/14 and 11/15.
let s see if this news will boost the market up or breakdown the support level.
the issue here is to get the sharp entry . currently i am shorting till this support level .
confluence support channelling , plus projection fibo of 61.8.
let see next week if my plan work.
ok i overlook daily time frame.
let the price coming down to the lower channel .
there is support there. short term can short until lower channel .
long at support there. stop loss below that. if this channel broken
flagged pattern in weekly invalid. but the price looking good till ema200 too . so if broken the channel it will go down to ema 200.
as i said earlier , gold waiting to breakout , but we long at support not resistance.
it seems the price coming down to the support level . i will go long at these level area.
because of momentum was shrinking .
that is hint.
gold has flag pattern in weekly . i am bias bullish break out
so the issue here entry wait for pull back
for long . if the price already breakout wait it coming down retest the rbs .
simple and easy .
have a good day .
the price failed to breakout during new york.
now it was falling back to the neck .
that is support .
wait this area. the neck area.if rejected.
time to enter long the market.
stop loss lower than neck .
Reason long :
Daily rebounce at 50% fibo,
morning star bull reversal .
target profit projection 161.8 fibo.
this is good chart pattern inverted head and shoulder.
what else you want?. good pips here for swinger.
heading toward to support . area 50% fibo . if break this toward to 106 area.
trend is downtrend. simple as that. find resistance daily and po that .
just put your sl , the price only move after UK close. very slow movement
until uk close.
It was daily accending triagle pattern , this pattern in bullish biased. i am waiting for the breakout 148 area.
however there is still much more space to go ... if not breakout it will rebounce back down till support level
142 area. where is my buy position will entered at that level and swing again to this resistance 148 and keep
repeating the process until it...
the price is on bearish side. even daily yesterday was bull.
i just found it failed to break the trendline therefore the bearish still win .
the price heading to the south to closed the gap somewhere i put the mark ---- 139.83 area.
for today the price will go to support 141.70 and maybe it will hit 139.83 area to closed the gap the following day.
The price , performed shooting star at 61.8 fibo in daily time frame, projection 161.8 area . first target close the gap at 130.85. which is previous pivot daily. manage your money wisely to ride this pair.
From R2 the price will drop back to pivot to close the gap , 130.75 , from 130.75 the price will rebounce back looking for daily pivot 135.35/65 and drop back . i will calculate the fibo level in order to get the pattern.