Gold price is continuing to move back towards previous premium. Waiting for break above 0.5 fib / also EQ 1816. Price will either look to return to 1830 H or bias is open Price will induce buyers and return to discount. Target 1830
Gold appears to be headed back to EQ . Then possible target previous high. Still major consolidation inside uptrend. Break down soon . Low below 1800 High previous demand entry First Target 1815 High Target 1830 Previous R
Feels great to be back ♈︎ . Tradingview blog . New trading strategies . Funded Trader. . Active Twitter & IG Trading Accounts . Taking a longer look at gold to see where price will go next . If levels hold appears to have bounced of the longterm trend since 1722 . bearish flag formed ? Price is above EQ 1815 . Hold EQ highs or break towards previous discount...
update on gold price ; early position from yesterday failed to maintain momentum adjustment made for price by returning to downside of previous trend pattern apex for support . re entry using fib ration .
price made an attempt at a push to the upside successfully cleared bullish flag / rectangle consolidation. need another clear break to the upside to confirm trend presence
waiting for price to make a clear break to the upside ; bulls appear to be in control
strong bull take on current price expectation fo strong momentum to push price to top of trend channel close to previous strong bearish impulse / break . waiting for confirmation of solid break & retest of typical bull flag
bulls remain in control after simple retest of break to upside . favorite pair back in action ; expectation for double bottom reversal to hold and send price back to the upside. another entry secured after two successful runners , watching price closely.
price is heading to the upside ; currently =trading above 200 ema while forming a bullish flag ; waiting for a break of sideways consolidation period to confirm bullish break
expectation is bulls have regained control after slight wick break of long term downtrend ; waiting for pattern confirmation before entry ; support built since a month ago in middle June
expectation is bulls have regained control ; star at end of trend channel peppering for return to trend upside
looking for bearish confirmations while paying attention to typical pattern reversals and bulls regain control. typical mind of the market
next steps for the German market appears to be bearish ; keep in mind that these types of pennants can completely reverse if trend for price action is not broken and fulfilled . watching and eating for confirmation before entry
two possible scenarios ready to play out ;either bullish momentum or bearish will take over. current intraday seems to be headed towards bear control ; price currently breaking down watching for ending / retest point for next steps.
currently preparing for both possible scenarios. long term intraday - swing play