just creating resistance support on 15 min TF MACD on middle RSI on middle I want more bearish PA but looks like price want to retest 1988 bearish trend need to break 1968 support
I think more likely to drop to 1948, but I'm waiting triangle break out first I never trust triangle but it look like triple test break out 4h also not bottomed yet daily also tend to bottomed before next rally, since next rally target 2150 area
beware 2006 break out = bullish signal to 2020 under 2006 still safe to assume 1955 as target
bottom got 1968 and 1955 as the next target 4h bottomed, I don't like to target too high... volatility sucks it is not even close gap on 2000$
wedge breakout not valid yet, if back inside wedge prepare for 2007 as bull target I think if bearish it will form 1977-1983 double bottom but not valid, must see 1992-1993 reaction
based on the previous chart with different pattern there is a reason why the 1983 retest important 1983 can extend to 1977 the top got 2004 resistance, 2013 resistance and 2020 gap sorry if I'm not focused on buying, only said retest 2004 resistance first on the previous chart yes there is 2020 gap, but I keep thinking fill the gap can come later after 1983 retest
resistance on 2005 or 2013 or 2020 if drop under 1983 very possible drop to 1955 later (bottomed indicator for next rally)
just speculation but it should retest 2005 gap now it's update on previous chart
reminder it very possible to break 2015 and target 2018-2020 area yesterday looks like wedge pattern but not perfect, because 5 wave but let's see... under 1982 got 1966 but... I don't know why gold will retest that area it should focus on 2150$ bullish target
target 2005$ if broken extension up to 2016 with 1992 strong support if 1992 broken might drop to 1981-1983
form bull flag to hit 2040 and 2060 long term 2150$ end of year 2300$
1959 retest, still inside the triangle top still target 1993-1996 bear still target 1945
15m need 1964 to drop to 1958 1h need under 1950 as bearis long term signal 4h quite funny, but might retest 1973 resistance daily bearish because failed retest 1993-1996 and targeting 2060
bull got 1978-1983 as target bear got 1931-1933 as target both triple top and triple top, ready for break out IMO
will monitor 4H indicator when drop to 1955-1960 for risk management bullish trend to 2050-2060 or bearish continuation to 1920
Triple bottom 1970 and 1955 gap There gap on 1955 It done making retest on 1968 only lack 195x
1948 or 1958 vs 2050 there resistance become support, I will draw it later
depend on next week... but it's triple top break out on weekly, usually valid looks like credit suisse getting worse and worse and market prepared for it and JPMorgan said FED will prepare 2T $ to prevent another bank run