Trade your own plan, this is just an idea.
This is just an idea. Trade your own plan.
Gold seems to be in a bearish wedge, once we break the wedge and cross 1258 support level, we could be heading down to the 1230 levels. An ADX cross would be a good confirmation of the bears momentum. This is just an idea, trade at your own risk.
We have just bounced off 0.5 fib level which happens to be a strong sell zone. A break of counter trend line would most likely confirm the move. This is just an idea, trade at your own risk
Just began a bounce from the .618 retracement from previous C-D leg. We could see a rise to a 1.272 level for a hit on the upper channel trend line. Will look for solid confirmations on smaller time frames. This is just an idea, always follow what you think is correct.
Is it finally the time to see a retracement from the provious rally?
ABC correction is coming to an end. We might get back into long around the 1313 levels. We have a bat pattern completion that would happen at this level, which would coincide with the 4 wave on daily.
We will see how the 4H closes.
Let's see if we get a real bounce on that trend line. Could also cross and get into the sell zone above.
We got a bearish wedge and a 382 retracement from previous leg down. We also have a bounce on the pivot point. Let's see if we can get a nice breakout and some divergence that would confirm the sell. An ADX cross would also had to the bearish momentum confirmation.
Oversold Stoch, bearish div, pattern completion and it would bounce on resistance area, let's see where this gets us. This is just an idea, stick to your plan
Hidden bullish divergence + cyper completion + oversold Stoch, let's see were this goes. This is just an idea, always stick to your plan!
We have just bounced off a resistance zone at around 1.14 as well as broken out of a bearish wedge. If we cross the 1.12300 zone we could have a safe short for a while. Trade at your own risk, this is just an idea.