Hi, Gold is still in bearish trend if you take a big picture in monthly view. The top done in july at $1375 is maybe an intermediate top before a new low which could be hit in 2018 at $980 Indeed, as you can see, the trendline from september 2011 should be hard to break imho. Next, gold doesn't yet make its pullback on a structure made during the 2008/2009...
Here 2 patterns projection for "anticipate" the Fed announcement about the rates. If market is reacting logically (that's not always the case), and if price reaches one or the other PRZ: Fed's rate hike : Eurus should be bearish Pattern : Gartley bearish No change : Eurus should be bullish Pattern : Bat Bullish Just an idea, not a trade for the...
Hi, Looking for a bounce on 1327$ to target 1358$. Likely 5-0 bullish pattern and 121 bearish pattern (see chart)
Likely bullish gartley pattern on Daily TimeFrame. PRZ between 11774 and 11738. The timing for the completion of this likely pattern and the release of the FOMC meeting makes me believe in a rate hike in september. Waiting the FOMC release.
Short XAG @19.5 TP 19$ -> Previous structure retest -> Bearish Trendline -> Bearsih Butterfly
Hi, Gold has printed a nice and perfect AB=CD bullish pattern on daily time frame. Last friday, gold has closed above 1315$ and turned bullish in end of session. As long as prices are above 1312, gold can catch the 0.618fib of CD leg of the AB=CD which is a classical TP for whom have bought the pattern. There will be some trading days before FOMC release, and,...
Two bearish patterns inside channel. Confluence with 0.618 retracement from the top in may -> bottom in late june.
Very speculative trade setup. Long 1303 Stop BE. Short order at 1327$.
Expecting some correction to 1.125 / 1.126. There's a likely 5-0 Bearish pattern with a retest of the previous structure on this area. Took 10% profit more from my 1.135 Short.
Hi, Gold has completed a gartley bullish pattern on 1318$. Expecting some price action on the upside. First Target 1346 / 1348$ to complete a 121 bearish pattern with 0.618 retracement confluence. Retracement to 1334/31 area, then last leg up to complete a likely gartley bearish pattern, confluence with the upper boundary of the triangle at 1355 / 1357$ ...
Gold consolidation inside a daily triangle. Expecting that gold reaches the upper boundary of the triangle one more time. (1257$ area)
Gartley and AB=CD bullish patterns at 1319$ + lower boundary of the triangle Short 1345 TG 1319
Hi, Gold has completed a nice weekly bearish pattern. I'm expecting a strong PA to the south to validate this setup. The previous wedge could be pullbacked with the confluence of the 0.786 retracement of CD leg (likely weekly bullish pattern on these levels - see related below) Bearish view as long as prices are closing below 1380$
Silver is under a weekly shark bearish. There is also a nice confluence with the 0.618 retracement of the AB leg (see chart) I'm expecting a correction on this pair to 17.5$ area in order to complete a 5-0 bullish pattern.
Since the bottom done two years ago, EUR/USD pair is ranging between approx. 1.15 / 1.05. I'm expecting a BO of this range northward Waiting 1.075 / 1/072 to go long on a likely bullish gartley pattern. By cloning the range, target is located approx. at 1.25. There is some supply in this area and a bearish crab pattern.
Target Bullish Bat + retracement 0.618 below / @1265$
Since the previous release of FOMC and good NFP report, it seems that gold could be, again, under pressure like it was in 2015. So, until the FED's decision of interest rates (in december), and if economic data are pointing some recovering, prices should go lower. I will activate this trade idea if price breaks the mid-term TL (see chart) Cypher pattern with D...
Hi, Gold is under a weekly shark bearish, i'm looking for two likely bullish patterns : 5-0 @1175$ and inverted AB=CD @1158$. Opened short at 1228$.