long start shorting around area of supply near 1600-1620
on monthly chart : the prices move in uptrend , we are near the upper line channel (monthly chart), & also can't make a new highs start to revers making a correction may reach 61.8% Fibo at support area near 1381.00 on weekly chart : making a perfect shooting star candle near upper line and recently making a strong bearish candle on 4H chart :the prices move...
on monthly chart : recently we have seen reversal candles +strong bullish engulphing around resistance area 1.27770 on weekly chart : we have a weak uptrend as its moves inside the last down leg and recent weekly candles starts to show selling pressure and last week closed with a bearish engulphing on daily chart : we see that the prices can't form a new...
monthly chart : the prices move on sideways since 1 june'16 , making lower highs while having a good support at 104.900 weekly chart :supporting the analysis of monthly chart Daily chart : the prices are near daily resistance area so we may retest it at 110.000 if we have any reversal candle in 1 h chart this mean that we may fall down to the short...
retesting a supply area (4H) with shooting star candle , so the price will fall down to the next demand area around 107.500
gold after retesting major demand area (weekly), so after breaking 1518 with 1 h candle will raise to 1600