LiranEn

LiranEn

As we can see in the chart gold has been failed to break to big down channel and now is going to check the 1700 support area again. What do you think? Are you Bull or Bear?

LiranEn

Hello traders! So, In my previous idea about gold I suggested we might going to see the last leg of inverse Head And Shoulders pattern, as I write now we can see it made half way of that leg, broke(again) the purple resistance line and retested it, so we can say it's a support line now, and broke the strong liquidity zone and retested it as well, not only that, we...

LiranEn

So, after a huge drop in the last weeks, we can see gold reaching a double support - to the liquidity zone I mentioned and to historic 2 years uptrend line. We can also see a might be reverse head and shoulders if we go long from here which probably going to break the resistance for ATH. on the other hand, if we reject it and break the supports, we might see gold...

LiranEn

Local downtrend broke, next target mentioned.

LiranEn

After we saw the Dollar Index last week making a correction to the descending line it looks like it's going to check the next price at the support I mentioned. What do you think?

LiranEn

Broke the resistance and retested it from above plus its leaning on ascending trend, next resistance is in 28.6 and if it breaks we're going for 29. Good Luck everyone! Tell me what you think about on comments please :)

LiranEn

It's only my idea, and my first one, so please leave a comment with your thoughts about it:) We can see that LMT broke a long downtrend with strength, bumped into a strong resistance at 390 area, made a correction and got into a triangle pattern which if it breaks might go to try the 390 again and break it. If it does we can look to TP first on 415 area, and then...