1) Significant decision point holding the price. Price approached and reacted with a bull momentum.
2) Sell trendline which could hold the price from continuing it's upward movement.
3) Possible range that price will choose to play in between.
Safest SL placement will be below the blue zone decision point. I am squeezing for tigher SL for better risk reward...
1 Range Phase which the price is playing in between.
2 Significant Support Resistance holding the price from moving upwards.
3 Another Support Resistance that need to take note as price might have a reaction or bounce from it.
Manage your risk is always your priority. Goodluck.
1 Range Phase which price has been playing in between for a couple of weeks.
2 Trendline Sell Structure which is still holding the price. A nice position to short once a bearish momentum is activated.
Always remember to manage your risk. Goodluck.
1. H1 Sell structure that price is currently following. Any break of this Sell structure might indicates Bull momentum is taking over.
2. Possible key level that price might have a reaction. Please take note.
Potential new low or the nearest key level.
1 Buy Structure which has been broken, signalling sell momentum.
2 Range Zone that yet to be broken. Price bouncing in between. A break from this range will indicates breasih momentum but do take note on opposite momentum for possible fake out.
3 Current Sell Structure that price is following.
Very interesting movement yet again from the market but as usual if you manage to truly understand the behaviour of the market, you will realise it always dance in a perfect manner. Range to range analysis. Do bear in mind that technical analysis always promise a reaction, it doesnt move the market. Have a nice day everyone.
Gold markets have been moving sideways trapping price into smaller range over the last several days. Be patient with this current market phase as it is setting up for a breakout. Interesting movement will be revealed, stay tune guys.
After extended the range of the Gold price declined aggressively and pulling back to the edge of the ranging zone. This attractive area where price has approached will definitely heat up the battle of buyers and sellers.