This bullish is possibly the last push for gold. After this push, we should be looking for retrace or reversal. Even though the chart looks very bullish, my indicator is showing time to look for sell. Trade with care.
The analysis is solely based on my modified MACD indicator. All analysis is for educational purposes.
GBPUSD has a little more shorting to go as a correction, then it will go back to the main trend which is up.
The analysis is based on my Special MACD v2 indicator. I don't like the hidden bearish divergence we're having. On top of that, we have both current-trend and mid-trend are approaching overbought territory. There are two scenarios: 1) the two trends can pull the higher-trend line up with them then we have a pullback and continuing to the top. 2) The two trends...
The analysis is based on my Special MACD v2. Possible pullback and then continue downward. The current trend line will want to meet up with mid-trend line and then go down together (perhaps with higher-trend line). When all three are traveling together, you will get a massive movement in price!
The analysis is based on my Special MACD indicator v2. This pair is so simple: just make sure you do not miss it!!! Whatever you do, again, DO NOT miss it! All the trend lines met up and compacted up top for a possible explosion downward fast! I already put my sell order in place lol. Even if it continues to go up, it won't go much further. It just has to fall!...
The analysis is based on my Special MACD indicator. The current trend line is in the oversold area! Yikes! It doesn't mean that price cannot slide further, it just means that there is a high chance that it will pull back to cross the mid-trend a little bit then continuing to join the mid-trend and higher trend down to the bottom.
The analysis is based on my Special MACD indicator. There might be a pullback before a continuation of going down. When coming down, do watch for the divergence on the current trend line because if it is formed, there is a high chance of it shooting up instead continuing downward.
Similar to EURUSD, but the difference here is that GBP has the potential to move much faster pace to catch up with EUR since the three trends are compacted together and waiting to explode. Meaning the up move can be quite fast since England is in need of some good news, perhaps just from the bad news around them. All this is dependent on the mid trend and higher...
If mid trend and higher trend stay low and current trend went high, it will want to come back and meet up with the two higher trends. Just wait for current trend to rise to the overbought level then look for divergence and sell from up top.