The S&P500 tanked violating previous support in December, bringing the trend in a bearish rotation. After making new lows, we are observing a potential outside return, testing previous structure support that potentially might act as resistance. This bias indicates an advanced pattern, an equal measured move (AB=CD) with Fibonacci confluence aligning with major...
Gold has been printing a bullish trend since October, showing an increase in momentum since November. Currently, price action appears to be conditioning itself for a pullback by showing resistance at this level. This level contains the . 886 retracement from this bearish bat pattern and a major . 618 retracement aligning with previous structure. With this...
Potential short for a pullback on gold. Previous structure resistance might act as support in confluence with the .382 retracement (price target 1) for bullish continuation.