2 years of trolling :_) Nice
The price stopped up a little up than the .-764 of the cypher (potential cypher at this level), we have an hidden divergence, so i wait to see what will happen :_) normaly price will go now of after some up leg more. I dont trade gold now - just looking
As we see up was stopped at the 0.5 retracement of last down and price go down, but we have an hidden divergence on 1h, 45 min frame that can produce another leg up and if divergence will be present on higher price it can be a nice opportunity to long some EURUSD or short USDCHF Or if fail to go up, on double top if do one I wait to see what will be the next move...
On zoom we can see a massive divergence on 12h frame with some bounce on support (if hold) of 160.300. Last support (0.382 weekly retracement) is now a resistance already tested at 165'500 area. So for a retrace we have to close higher if not price can goto the 156 area
Possible setup for bounce on zoom area 1.10400 - 1.09600 where we found : 1) support 1 at 1.10400 2) PRZ cypher 1.10200 3) support 2 + Target on Wolf wave 1.09600-1.09800 Trade your plan
FIBS confluence from the last 3 move up 1) 1.10400 area 2) 1.09600 area (lot of PA) Trade your plan
Long yes but how long ? :-) 1) new high to the highest resistance of the channel or 2) back down to the D point fo the Cypher Trade your plan
wait for the support and divergence on the D point of the Gart Pattern to go long