Djavuu

Djavuu

Gold price is currently being rejected by 2043 level and is floatinhg below 2027. Continous bearish behavoiur could indicate a drop to 1982 level. If price can go pass 2043 level and retest resistance creating a new level of support then we could be looking at 2069 & 2086 levels. Waiting to see which direction we will be going before entering a trade.

Djavuu

we have a 4H descending channel breakout which formed a strong support (double bottom) , the two circles. Our fib rejected "the golden area" 0.5 and most importantly the 0.618, from there I caught my buy opportunity. That area built up strong support as well, rejecting the broken channel. from the tight buildup starting from the DB a new respected up trend...

Djavuu

buy set up

Djavuu

Broken rising channel, expected re-test before shorting again as we had a nice rejection off of strong support. ( Bearish momentum is weak)

Djavuu

BEARISH MOMENTUM

Djavuu

bearish divergence spotted, a nice double top/lower high in the 2ks would confirm that, look at my recent graph to understand why I say that

Djavuu

4Hrs forming a H&S, although price rejected 1960 again, we got a nice reaction from strong support 1830s. Price also closed above 61.8 fib retrace.

Djavuu

daily price needs to close above blue line if we want to see more continuation up if not look to short to daily support

Djavuu

We have two possible scenarios here, might see a retrace to daily support or we can possibly shoot up to monthly highs and drop

Djavuu

I am now looking for a retrace around 1895 area to long again, 1902 is needed to close gap - Will wait for confirmation there

Djavuu

ride the wave my tp for this trade is 1919

Djavuu

resistance now acting as support

Djavuu

upward momentum

Djavuu

We are approaching a respected demand zone, perfect area for the big boys BUY & HOLD until 1962. (Price needs to stay above 1848-50) *Green brush is just my opinion of what might happen at 1963 area*

Djavuu

Sell @ 103.700

Djavuu

*Inserts eggplant emoji*

Djavuu

looking to buy the dip, G/U not done going up as long as it finds its way above support. Positive fiscal stimulus may also be on its way!

Djavuu

bearish divergence here and daily is oversold. We are also at top of respected channel. N/U could use a nice pullback for its last stretch up