possible trend continuation if we stay below 1920. Bearish trend on 4h & 1h
After dropping straight from 1850 #GOLD is sure for a pull back. If we can find our way back above 1790 we may have enough momentum to test 1830 region and beyond. Market structure looks like 1820 would be a good place to take partials first before we continue up
we have tapped into a 4h rejection zone. as long as price stays below 1831 we can anticipate a bearish move back down to 1800
If we reject 1820 we could see a nice short opportunity to 1798, then eventually 1790.
we may have found support at 1799. looking for bullish move to 1819 first, then potentially 1841.50 if we continue to drive up
BEFORE WE GO UP WE MUST GO DOWN...USUALLY LOL (Short term sells) Looking for a retracement to 1805 area, Strong bullish run from NY session yesterday . I expect some exhaustion before we potentially continue moving up
I usually look for entries during NYC open. Possible V SHAPE recovery from the bounce yesterday @ 1790. XAUUSD TRADES: XAUUSD OPT#1. BEARISH PULLBACK RETEST OF 1795 THEN BULLISH MOVE UP TO 1818 TARGET TP1. OPT#2. BULLISH MOVE BREAK & CLOSE ABOVE 1808. ENTER AT RETEST NEAR 1806 ZONE. TP#1 PREV HIGH 1818 *** OPT#3. 1791 BREAKS AND BEARISH TREND CONTINUES
Wycoff Accumulation schematic #1 seems to be playing out on GOLD. Looking for spring to form below secondary test of phase B (1832.50) or a rejection and a retest around that price area. potential swing for long term targets. looking for AR as TP#1
using lower time frames to really identify why prices move the way they do. hope this helps someone
The Power of FIBS! Nice exhaustion on BTCUSD @ 1.618 Expansion. Previous retracement was @ Fib 38.2 so it played out nicely. Until Daily closes above previous high expect to see some Pull back! might be a good chance to get in if you feel u missed the boat!!!
CADJPY might spit up some pips to the up side! price came to a hault at D point of Gartley. Yens may be gaining strength across the board keep an eye out