Frico_NR

Frico_NR

Taking a look at the dollar chart it has been in a range for a couple of months now and first, it rejected the support and went back up then later to come back to break it and now it is retesting, expecting it to go lower

Frico_NR

THE MARKET JUST BROKE THE PREVIOUS TREND SUPPORTER AND TURNED IN INTO A RESISTER WHICH HAS JUST BEEN TESTED

Frico_NR

THE MARKET IS CREATING LOWER HIGHS AND LOWER LOWS INSIDE A DOWNTREND CHANNEL

Frico_NR

Price failing to break supporter

Frico_NR

Simplified i would simply say that gold reached its high at the strong monthly resister looking for shorting opportunities

Frico_NR

The market just retraced the at the 50% region using a Fibonacci retracement instrument and now its trying to reject the area of 50% if it fails to break the are then go long as for me I am in with an early trade for the risk and reward to make sense

Frico_NR

The Market is playing inside a well respected upward trend lets wait for confirmation of a breakout before we go short

Frico_NR

double top created at a strong resister and it created a higher high inside a trend

Frico_NR

Let's wait for a break-out on the trendline AND we go short

06:01

Frico_NR

As we look at gold from the view of the month it is still inside the flag pattern and when we go to weekly we can see gold at the resister of a trend and on the 38.2 retracement level when using a Fibonacci retracement meaning on the weekly view we expecting gold to confirm the rejection and go down as on a daily view we saw last week that it has finally broken...

Frico_NR

The market shows that now its an opportunity to breath in and retrace a little bit

Frico_NR

What is gold going to do

Frico_NR

The Market failed to complete the head and shoulder pattern going long now

Frico_NR

Looks like the head and Shoulder has been confirmed and now the market has to break the triangle for a direction comfirmation

Frico_NR

The Market Has to decide either it's going to respect the trend or is it going to create a Head and Shoulder pattern on 4H.. let's just wait and see

Frico_NR

Please like if you agree with me

Frico_NR

THE MaRKET CREATED A TRIPLE TOP AT THE SRONG MONTHLY AND WEEKLY RESISTER PLUS THE MARKET HAS ALSO CREATED A DOWN TREND INSIDE A DOWN TREND ALSO WHILE WE ON THAT THE 4H HAS BROKE THE SUPPORTER THAT WAS CREATED AS A UPWARD TREND SUPPORT AND IT ALSO BROKE THE MOVING AVERAGE SHOWING US THAT THIS WEEK THE SELLERS MIGHT BE IN CONTROL SEE THE 4H CHART AND TELL ME WHAT...

Frico_NR

THE NECKLINE OF THE DOUBLE BOTTOM JUST GOT TESTED AND THE MARKET IS ALSO TESTING THE 50 SMA ON 1H CHART LETS SEE IF IT WILL RESPECT THE SUPPORTERS OR CROSS THEM AFTER ALL WE FOLLOWING THE TREND WHICH IS AN UPWARD TREND