pixi

pixi

ABCD Bearish.

pixi

Since few days, gold is in a trading range between 1240$ and 1275$. I 'll go long on 1275$ breakout or after an another cycle in this range (1240$) I like this red resistance line which acting like resistance (3 times) and support (1 time). A triangle can be drawn, and gold can reach its hypothenuse (and EMA 34). Theroical Targets are 1620$ for up trend and...

pixi

If retest 1245$ level, go for long.

pixi

Always looking 1292$ for short. Gold like the 0.707 retracement. if 1250$ break, short to 1236$ support.

pixi

1249/48$ for reverse.

pixi

maybe a last move down to 1248$, but buy this shark. SL 1240$

pixi

ABCD bullish, price and time

pixi

Here, a setup i'll follow. Well, only 2 points for this gartley, but the B point @1292$ may be a good price for a short term sell. Then a pullback to 1242$ level and then a last move to complete the pattern @1322$ Yep, only price with 2$ ending. Like the bottom price today, 1252$ ;) Zoom out to see a likely long term channel.

pixi

Close my 1234$ long @1282$

pixi

target 1210$

pixi

2 bullish pattern @1235$

pixi

emerging gartley bearish

pixi

121 bullish / SL 1234$ TP1 1270 / TP2 1306 If failed, short on 1234$ breakout, target 1220$

pixi

Shark bull @1237$ SL 1220$

pixi

Shark bull @1237$ SL 1220$

pixi

Bat bullish @1245 (extension 1.13 @1242$) SL 1240$

pixi

1306$ as target.

pixi

Yes, I think gold will not go above 1306$. 1306 is a 50% retracement of the entire leg from 1433$ to 1180$. A 121 bearish pattern, a third contact within the red descending triangle and, last, the weekly EMA 34 should be acting as strongs resistances. The target of this triangle is about 910$. If price drops to this level, it'll be a nice entry for long....