Gold long term bullish scenario. Every dip near the support levels are good for buys for long term.
Expecting a move towards the lower trendline of the channel . . .either buy from there or if breaks above the red trendline
PA approaching resistance levels. . .will be good to look for short opportunities IMO
First bullish signs. . good opportunity for a buy with 1975-1980 profit targets
From 1857-1855 region can test up to 1870-1875 . . .a good long opportunity IMO.
EU Bearish projection if breaks 1.16 Long term reversal to come from 1.129 region
PA stopped at PRZ and about to reverse.. . showing signs of rejections.. . at least midterm sell expected for 200-300 pips Sl above the monthly trend line.
High probability for PA to retrace to 0.382.. . .if PA rejects from 1.195-1.197 we would probably see some lower levels tested till that monthly trend line. - which also is 0.618 of the main impulse. On the other side if PA breaks 1.197 convincingly then anticipate a bullish impulse up to 1.25-1.27.
REASON for LONG or Not ready for SHORT : 1.200 - EMA bullish cross 2.(0.618) retracement of EW of the larger degree 3.Next resistance/sellers volume is around 1.62 zone 4.PA needs momentum to break that support zone Note: Valid until PA remains above 200-EMA.
WTI price action rejected on Deep crab PRZ. . . Should revisit PRZ ZONE and test that area for a more confirm rejection.