will we see this kind of scenario? with 1720 as the peak price?
if break down we should see a new trend line soon and chance to hit under 1500 if no BO then supper bullish while riding the trend line
I hate this pattern very much use this pattern to decide bear or bull but in reality, it's like to troll with trend reversal I wish this chart idea failed, better bear to 1516 than watching swing trade like this...
buy stop after gold break up from bull flag from 1544
if bull reach 1540 then down from 1540, bear got a good chance to reach 1516 and 1502 focus on 1516 there is strong support at 1520 careful with rejection from 1520
price, tp, sl at the chart reason for sell stop and buy stop? wait for break out at fib lvl
yesterday trade war progress already trolled many bear party with bullish impulse from 1502, bull tp 1 1548 after that we will see how gold act because I still see a bearish divergence on the daily gold chart tp2 1569.7 that 1502 now become support trend for this bullish impulse I believe now bear chart tp should focus on 2 TP, tp 1 under 1514 and tp2 under...
testing 4 important support line for bear now... 1. break down the 1527 to finalize the bear flag 2. touch 1516 to retest support line 3. touch 1510 for stronger bearish impulse 4. final tp 1502
In my opinion, Monday trading really good practice, take a look at the fib lvl, we got 4 good spots to trade for 1. 1550 2. 1538 3. 1516 4. 1508 and all of it far away from the nearest spot we targetting for which is 1538 and 1516, it's safe to assume we could wait for the break out and forming a new trend line from it so here is my action on Monday 1. I will be...
not technical analysis about bull or bear but I will following this chart for a while because 1 trend line usually passed by many candles bull or bear trend always hit the same trend line too, so even if we are bullish right now, I'm going to see where the new resistance line and support line from this chart INVALID IF NEW TREND LINE NOT PASSED THE SPOT INVALID...
correct me if i'm wrong it's just 1 day chart invalid if not break down 1496 sell signal if break down 1496 TIGHT SL 1497 then change it if gold price move down further special note: gold hate HS pattern, it would bounce up after bear, be carefull
bear flag with bull trend for a while NOTE: BEAR FLAG INVALID IF BREAK OUT 1516++ just my opinion because if break out 1516 then bull would target 1527
this is not trade call this just to see if bullish trend still continue or not for SHORT TERM (mid - end august)
I wish I realize those red trend line... earlier, time to short tp following fib level and some support line
IMO, there is alot of gold sentiment on DXY I suspect gold further bearish impulse if DXY break out the bullish flag even a fake break out could be the catalyst for gold to break down from 1475 if DXY failed to break down we will see DXY move to the bottom of channel and gold move up to the top of the channel around 1550
no harm for reaching bull once again