Gold will retrace accordingly with the fib retracement, and then reverse back in to the downward trend line.
hey guys gold just shot up and is about to shoot down.
Use the trend lines as a pathway and also as support and resistance. The candles have been programmed to follow a certain path and reach a certain destination. y=mx+b type shit. Now it can take different paths to get to that end place as long as it gets there. We use trend lines to try to visualize the pre programmed path. Order blocks and Trend lines have...
Using a simple trend line strategy, and behavioural patterns I have noticed within this zone. I feel that our time in this zone is coming to and end, so be careful in regards to leaving open positions.
Gold might hit 1712 and reverse, but my bias for what I see on the chart is that gold is going down.
Here is my overview and thoughts on gold for the rest of the day :)
This is my overview on Crude for the upcoming week