im thinking in buy gold in the short term after breakdown and retest
Check this idea guys, Looks like theres a good reasons to buy the reversal, i see an inverted head and shoulder pattern in 1h, also we have divergence in 4h.
Here in my complete trade plan for this week, im waiting for a candle sell pattern , of course if i dont get my sell candle i wont open any sell.
My favorite pattern, diagonal ending and divergence, what you will Do? You wanna sell or you wanna sell?
Here is my plan for eurusd, i think the price is forming the corrective wave 4.
This is my plan on gold. I think price finished the wave 4 as an abcde pattern which is a reliable pattern to me. Now im Waiting for a retracement to open up again a sell position till 1750 zone.
Check this trade guys, waiting for the price to break out the triangle.
Here my idea on gold, looks like price is forming 5, wave 4 were formed for a abcde flag pattern which is a very good signal, currently i will looking for a new sell entry once the wave 2 of 5 finish around 1885. If the price reach 1885 i will looking for my entry till the green zone down there which is the 127 fibo downtrend level around 1745.
check this idea, price action is showing one more higher high left!
Im expecting a new high on gold, around 1925 which is 100 -127 fibo extensión level of the retracement. I think the price is forming wave 4, up there around 1925 i would wait for a nice sell Pattern( bearish engulfing, bearish pinbar) and i will open a sell till the level marked down around 1760 to complete the cycle forming 5.