Parsa9776

Parsa9776 Updated 

It is hard to say for sure but it seems bear are taking control and willing to push price lower to 1.200. However, there need to be a clear breakout of the trend line completing the double top formation, followed by another breakage of the support zone around 1.226. short term sell opportunity is after breakout of trend line and the support zone.

Parsa9776 Updated 

the impulsive bullish move brought the price into a strong resistance area and the market is extremely over-extended ,so the next corrective move is about to start. The first support area is around 800 where we can expect a sideway movement, If liquidity increases there and price bounces a long position could be considered. However, bear also might become in...

Parsa9776 Updated 

After breaking the triangle and previous high prices went down to retest this area which might provide a good opportunity for a long position.

Parsa9776 Updated 

Gold seems to be completing a triangle ,setting up wave 5 and a possible long position after breaking the resistance zone.

Parsa9776 Updated 

After the impulsive bearish move as expected and breaking the important 1.40072 support zone, market is now in a over-extended condition so I except a retracement move to the broken support and if bears could successfully manage to protect that area another bearish impulse and short opportunity would be expected.

Parsa9776 Updated 

Price reached the high of the parallel channel and a strong resistance zone which might be an early signal of a bearish reversal. Notice the RSI divergence. Consider a short-term sell if bears break 1.41224