Inverted head and shoulder pattern formed(bullish continuation pattern).
I would consider shorting positions once it breaks the neckline.
Price recently broke out of the equilibrium level and also forming a HH & HL, price would look at forming a new HL before pushing to the upside. Have a close look at this pair...
Price recently broke out of the equilibrium level and also can be seen making HH & HL price might look to make a new HL before a bullish continuation to the upside.
Gold recently broke out of the descending channel and also a possible retest would bring about an inverted head and shoulder which would act as a strong confluence to go long with proper risk management.
Gold recently broke out of the descending channel, the best entry for me would be when it makes a proper retest before deciding to go long with proper risk management.
Hey guys, I'm still having some bullish sentiments about this pair till it touches my QML area. If it breaks my trendline downwards and makes a retest, then my set up remains invalid. What's your thought on this pair? Post your analysis to back up your differences.
The best possible entry would be when it finally breaks the trend line and makes a proper retest before moving to the upside.
Looking for proper entries for short positions. Risk properly.
There have been so many manipulations in the market this week. Let's see if this pair would respect the QML
Gold is currently on a minor demand zone and could break out of the trend line. If it breaks out, the best place to open a long entry would be when it breaks out and makes a complete retest. let's keep tab on this pair.
Gold might be forming a bull flag. I would be taking long positions if i spot a reversal candle which might fetch up to 500 pips