short on the gold, the zone of the 0.382 will be tested and then a potential pullback and then back down again
looking at this chart, I see a clear indication where price has tested the resistance area and hasn't been able to close above it. if you look left to the previous pattern you can see the market TESTED this zone and then reversed into a bearish trend. I have included in the chart my prediction and how the market can potentially react. I will be waiting to sell...
using the Fibonacci support levels which you can see in yellow, price has respected that zone a few occasions previously. i see that area as a great opportunity to place a long position, but of course i will wait for confirmation before entering. also a head shoulders pattern would be complete in that level of 1.1062 please share any comments you have, i would...
as we can see major support levels and trend lines are being tested by the EURUSD, my analysis is if price closes below the 1.10857 then the downtrend will continue further to the next level of support. if the 4 hourly candle close above 1.10857 then we could potentially see a retracement back to the previous resistance zone. the fundamental side of things, USD...