It still hasn't hit 1450 so im not happy. Shot down yesterday but i think it's looking promising to go back up. Looking at the 4H timeframe. I see a bullish engulfing forming so i will reenter the trade again since i closed at 1425 after seeing it drop. Also just bounced off my trendline so iI'm going long. Let's get some profits again!
(refer to my previous post...
Not much to say on it yet however if today candle closes above 1400 then expect a continuation to 1450. This convinces me that gold is planning to go on a long up-rise due to the gradient its showing so far. May see bulls getting exhausted and letting bears take the lead sometime in the future but gold is possibly aiming to set a record high. A few fundamentals...
you're probably paranoid from that recent drop bitcoin took but do not be alarmed, its most likely just leverage broker traders closing their trades after passing 10k. also i think it's shuffling to touch the uptrend curve that i have and then bouncing up to 12k+. Looking at the previous bitcoin cycle they may be a predicted drop to less than 10k due to bull...
After breaking the 0.7500 mark right at the start of the year, the Bulls have yet to take the throne and fall to 0.7250.
Looking at the chart above, I've noticed a fibonacci form anticipating a drop. I like to test a fibs reliability by looking at how the chart reacted to the fib levels in the past and this one satisfies me when looking at the 4H timeframe. Ontop...
Gold is looking to break through weekly support and rise to 1400 real soon.
Through my analysis it seems to be using listening to the Fib Retracement really well and bouncing of that trend line beautifully as it did times before. It broke through the previous Monthly Resistance which may act as a support now. It's currently set to break resistance (1320) but it...
I've just noticed a reoccuring uprise for Gold.
Currently crawling up but can roll its way down before hopefully jumping up to its new high at 1350+! It has now broken the counter trendline so I believe it may go a bit down then start showing signs of bulls making a quick comeback.
I've already posted an Idea for Gold anticipating the bullish run to continue...
I'm confident that GBPJPY will going down to 135.00 after breaking through the Monthly Support and rocketing it's way down. I recon it'll most likely have a small bounce after reaching the Monthly TL I have placed giving me the opportunity to place a Fibonacci and watch how the chart reacts to it.
I don't plan to risk placing a short term long since it hasn't...
