NasBaz

NasBaz Updated 

Last Major analysis was violated and gold smashed past solid support @ 1764. As you can see here, price is approaching the bottom of a year-strong parallel channel which also aligns with a key support area (1670-80). Will be looking for buys at 1665-70 area. I'm suspecting that price will rise slightly throughout the night, where it could collapse around NFP time...

NasBaz Updated 

excellent touch on 4hr trendline + 50% Fib

NasBaz Updated 

50% Fib bounce + down trend. Gold is looking bearish short term and we could see price dropping to around the 1680 levels, which aligns with a strong support level and trendline where i will be looking for buys

NasBaz

Break + Retest

NasBaz

break + retest + 50% fib bounce. experimenting with fib extensions as profit targets

NasBaz

downtrend + resistence turned support + pound strength

NasBaz

double top bounce

NasBaz Updated 

We have approached a significant level of support (just shy of 1764.00) which also lines up with the 50% on the weekly but that's irrelevant. What i do expect is a scenario of market manipulation. I can see price spiking as low as 1744, realistically looking to get in at 1748 IF my theory is correct. Manipulation or not, this could be the start of golds next bull...

NasBaz Updated 

quick scalp, 38.2% bounce

NasBaz

possible retest could occur which lines up with 50% fibs. If we can get wicks around the 1.8500 we can look for buy entries

00:24

NasBaz

why is price not touching the trndline on the 1hr?

NasBaz

Resistence bounce

NasBaz

Could have a break + retest situation with price heading to the next key level

NasBaz

Break of support + retest

NasBaz

SUPPORT BOUNCE

NasBaz Updated 

SUPPORT REJECTION

NasBaz Updated 

3rd touch Trendline Bounce

NasBaz Updated 

Quick Scalp: break retest