Okay, let's look at GOLD on the 1h timeframe. So near this zone plot whether it will reject or break. Confluence with the trendline there. Oppa wait if he rejects, Oppa will look to buy again because the trend is still buying. But if he breaks down, you open on the lower timeframe then check if there is a correction then you can look for short term selling...
You must be furious to see this gold. Calm down guys. This is the setup Oppa wants to share with everyone. 1) Possible he crashed first, before flying. Oppa's target is to fly again this week. 2) Drop is possible until the zone that Oppa marks because there are many times the price in that area rejects and penetrates. 3) Possible now Gold is making a correction...
Oppa is still in buy mode now. 1) Price retest and reject the zone support area that Oppa marked. 2) This pattern is the same as last week's pattern after the gold drop continued to plummet. 3) If the price breaks the support zone, then we can consider what to do next.
Gold is approaching zone 4 for next sell. Trade with cautions
My prediction for this pair is going down some more. Short term sell for me. Intraday.
So, we can see right now gold is going down. For short term, I still believe downside target. Possible gold is going to finish the 3 waves structure first and then going back down some more.
I just want to share this mapping for GJ. Yes, currently GJ is in upside move which is for me is just a correction. So, I will wait until it reach the marked area and then I will aim for sell. Yes, sell is the best because the trend is still sell
GOLD will continue correction first until the blue area and then it will resume going down some more. I will continue to SELL on this. This is just an analysis. Not 100% correct.
Recent setup is not perform well. So I believe there is a chance GOLD is going to down again. I still believe in short position. I will make a sell at the blue box area
I believe GOLD is going more to downside. There is a potential GOLD is going up first as a correction and hit the target area before going down. If this happen, I believe it has complete the 3 waves structure