The market has been trying to hit 156 and will do so now.
it has formed a rising wedge and is getting ready for a breakout to fly to 156 where TPS will be hit for a sniper exit
Fib 50% zone also hit which is allowing the bulls to get ready to run
tight stop loss low risk and a high reward. GET READY
GOLD has hit a key level and reversals have happened here.
key retracement zone on the fibonacci has been hit
overall bearish trend suggesting its likley to follow it
lets WAIT until we get a confirmation candle a rejection to the resitance before we enter
This is a clear sign that it’s going to shoot up. This has happened in the past and will happen again. Tight stop loss shouldn’t even be touched. Price will break about trend line and start to shoot up
Has hit major resistance which was support and is now falling. Really tight stop less and 100 pip Tp should get smashed. Fib retracement has had beautiful rejections as well
Continued down trend with no signs of a reversal .
Broke a key support level and is now retesting it
The use of the Fibonacci tells us that it’s likely to have a strong push to the down side.
Please comment if you agree Or disagree
