Coming back up into structure resistance
Short pattern set up on bigger swing. Stops above 1310
We are at a pretty significant daily resistance level here for Gold. 1 Hour Bat pattern completing right inside the potential reversal zone of the daily resistance. Stops above 1285.
Have a butterfly pattern completing at 1.6802 on cable presenting a nice trading opportunity. We have a 61.8 fib level and a nice structure level coming together at the butterfly completion. 1st target being at 1.6763. Second target can be looking for 1.67 even handle. Maybe even 127% extension of the current retracement. Stops at 1.6833 P.S be aware of...
Price rejecting highs right off previous resistance. Also on 61.8 retracement. Stops 0.8160 1st target 0.8115
Silver is at a strong Daily support level. We have two advanced pattern setups inside that daily zone on the 4 hour. The butterfly completing at 18.78. The Bat pattern completing at 18.74. Stops at 18.40 First Target 19.40 Second target: Go nuts. Not past 21.50
Triangle break on 60min. Come off 61.8 retracement of higher trend.