retest the sideways market we had on the 1hr tf but on 4hr tf we had reversal candlestick. price broke and retested the consolidation and showed some bearish PA on the 1HR tf. Me personally i don't trade gold but this is a good short entry but for only for a day or two becuase of the focus on the low tf analysis but hey lol. BUT! if your looking at long term view...
okay so last month candle tail hit the .382 zone, which I expect the market to move up and come and retest the 88 price support again. I'll be looking for a short signal but if price breaks this level I'll wait for the retest and long the market. However, from 2015 there has been a lot of bearish pressure so I don't expect the market to break this but if it does...
it has broken previous support, which becomes resistance but I'm just waiting for a retest to get in. Also, to be watching for a bullish candlestick with a nice tail to confirm my move and for entry on the next candle.
on the monthly tf it broke the trendline and the 200 ema. Then on the weekly, it broke the resistance level. So I'm just waiting for a retest but this could take some time on the weekly tf. so I'll be watching the daily and 4 tf just to execute the trade nothing more.
market broke the 1.75 level so im just waiting for a cheeky retest with a bullish candle signal then long. I might use the daily tf to get in a bit earlier.
it's looking a bit bullish but with the downward move that happened in Sep. So I don't think the economy is ready for such a comeback. with brexit and stuff, anything can happen. However, I will be waiting for a retest at the 1.7 level then a bullish signal to long but if it breaks the 1.75 level it will be the same process. In addition, if the market drops back...
Has the market broken the resitence, which is now support? YES. Has it retested? YES has it presented itself with a bullish candlestick, preferably with a tail touching/piercing the 0.5 retrace? YES. Okay, that's 3 yes! so now I'll just wait until the monthly candle closes and trade on the open.
Price has visited the 0.99 price several times with it being the previous resistance but it's now a support level lol so I'm just waiting for a bullish candle signal preferably with a nice tail that goes through/touches the .618 retrace loool pray with me loool
I don't predict I react! lol but if the price comes to the .50 retracement area I will wait for a weekly candle signal to short. If neither happens i will wait for the market to break 1.1 zone and retest then wait for a weekly candle signal then long. see i react!
