Its 3-rd time now since last week wednesday price is testing daily support @ 291 area. I'm with one buy in this place and about to close it after breaking 290. Yesterday was a good day for bears. Technicals: ADX is flattening close to 25 (H4, Daily), PA under lower Keltner channel with bearish momentum. Bears need to break 290 and 280 (50%) is target. Good luck.
After breaking 38% yesterday due to fundamental NK-US event GOLD moved to 313 area with touching 2017-08-30 high. Due to the fact that fundamental movements have higher possibilities to back (down) price to the place it was before event I didn't opened 3rd buy as planned. If POG break 308 (EMA 200 H1) it can move lower to 304 (299 ext - 38%). I'm still with two...
As I wrote last time 38% is a range to decide where are we going. We are still under lower Keltner with bearish momentum weaker and high ADX on H4 but double bottom is created and it is last ring for bulls to break 38% and change momentum to bullish. I will buy this again if I will see price over 38% and positive test as a support. Good luck
The situation for bulls doesn't look good. They recovered some $ in Asia but they have not even touched 38%. So this should be a task in EU session, but if bounced then time correction in 38-50% range may occur. I have 2 buys as i bought second time yesterday evening. Both have 280 SL (50%). Ive closed my sells so doesnt have any hedge position now. Good luck and...
Since my gartley didnt worked breaking 78%, i was waiting for 38% fibo from last swing 1205-1355 and opened buy today morning. Ive also closed my sell from 1355, so now waiting for swing back to 1360. This buy is valid to 1282. There is my SL. Good luck and trade safe.
If 'C' is finished (78.6%) we will gonna see 'D' leg with B-D extension 1.272 to 1.618. Good luck and have a good weekend.
C leg is on 61.8% so it can be not finished yet but if it stop before 78.6% pattern is valid. Good luck
Well. My main idea was bullish due to double fibonacci @ 321. And it was right. But lack of patience yesterday and some bearish behaviour tended me to change side and it was bad. Im staying neutral, today is friday I'm keeping one sell from 355 and will be watching market movement. In long term another bullish setup is buiding (breaking yellow line will be a good...
I try to be bull, its more natural posession for me, but since yesterday evening my sentiment is changing to bearish side. I'm still holding my 321 buy which was triggered yesterday, but I have more and more doubts with every next chart and market outlook. 1. If another (4th) rejection will occur to the swing trendline (205-360) we should see big green candles...
Buying 1321 with tight SL can be a good idea for intraday. 1321 is a Fibonacci double range with 127.2% extension from previous swing down and 23.6% of last swing up. Indicators on daily TF are still bullish so its the best to follow the trend cause once it happens, never end. Good luck to all
Im still bullish for intraday as price holds over EMA22 and EMA 200 on H1 TF. Good Luck