FXPartisan

FXPartisan

Seems to be overbought. Is it going to retrace in short term? keep in mind we have an important news release (USA Retail Sales) tomorrow...

FXPartisan

We have to wait until the 4 hour candle closes; But seems to be a divergence.

FXPartisan

This is the other scenario which I said I'm going to show you... wish you all the pips!!!

FXPartisan

Great support zone. 89 day moving average, and 50% fib retracement. but we also have another scenario which I'm going to show later...

FXPartisan

Seems like a triangle... Do you think we are going up or down?

FXPartisan

So hard to say if it is going to appreciate the falling trend line or will break above it... Pay attention to tomorrow's Manufacturing Production release.

FXPartisan

Seems to be the third stroke of the falling trend line...

FXPartisan

Previous supply and demand zone should be eyed carefully...

FXPartisan

no comment

FXPartisan

no comment!

FXPartisan

Lot's of odd opinions about gold; It is possible to have a triple bottom after reaching 1180 . A bullish engulfing pattern is also formed in weekly chart.

FXPartisan

Gold is moving toward one of its key long term support areas... we have to wait and see what will happen.

FXPartisan

While it is formed by a series of lower lows and lower highs, falling wedge pattern is typically seen as a bullish signal because it shows declining selling pressure on each additional thrust lower. That perspective is also confirmed by the MACD, OSMA, CCI and RSI indicator. Note that falling wedge patterns have a high failure rate.