based on fib the 1711 will become the key for bearish trend or not
based on fib play, if break down 95.7 will working again with the fib
1706.59 if want to play safe 1710 + 0.5 spread = 1710.5
bearish divergence with the spread at 0.5, tp should be 1705.7 then rejected to 1711 note very possible retest 1702.2 in longer term after rejected from 1711
could tease everyone with HS pattern BUT, I'm not a fans of HS pattern, I would take the 87.5 but not the HS pattern note: previous idea i said retrace 50% to 87.5 under 87.5 we will see 83.5 from 83.5 strong rejection IMO if after 83.5 we back above 87.5 then see it as bullish trend
it's bear for today, 1st tp retrace 50% under 83.5 = today - tomorrow target NOTE: EW wave for illustration not a guide for trading
using 22 june from gold I will monitor bullish trend up to 22 June fibo 0.382 and 50%
no bearish divergence yet... so i think it would go up, BUT, be careful will correction down I think there is retest for 109.350 BIG NOTE FOR MYSELF: SHORT WITH SL, NEVER IGNORE BULLISH IMPULSE ON UJ
monitoring 19 and 22 june note: just realize the big movement correlated to monthly opening (week 1) and monthly closing (week 4) example if monthly opening bullish, we will see a monthly closing bullish week 2 and 3 just counter trend the monthly opening so maybe we will see bullish up to 22 June before bearish again for monthly close
look at the fibo, it's really neat just check all the fibo level
need to see candle close of 4h above 1694 also to break out 1718 and 1729 later to continue bullish trend above 1765 as long under 1694, keep see it as bearish
1609 support retest then go up to 1646 could drop lower since the support trend line is good at 1572 and 1532
4H candle need to close above 1689 as bullish signal take a note: 1765-100$ = 1665 MARKET LOVE 100$ RANGE
DON'T BELIEVE ANY BULLISH IDEA UNDER 1660 IT'S NOT ABOUT 163X ANYMORE the bottom of next channel at 160x if drop under 1660 and touch 163x then next target 160x not 1700++
still strong bearish trend... entering extension now
after retest 1711, go up again note above 1722 invalid
maybe retest 1704 again before go up again later