Gold price at lower timeframe shown market structure shift from up to down. Price probably move to order block 1H at bottom, then probably bounce up. LSWH.
Gold movement will move to lower price, target is open price gap & sync with Fibonacci level.
Price probably move upward. If price hit narrow stop loss area (bottom red area), the trade is not valid. Trade is active right now. Move SL to entry if TP1 reach.
In bull market, sometimes market need to "refresh". It's risky but a healthy market not always move in one ways. the trade is on from this post but remember, this is for short term only (scalping). Risk will be greater than reward at bull market when make short position.
The price going up but volume make a bear divergence. Possibility next move is retracement with target at area fair value gap & order block at highlighted chart.
Price will move down to fill imbalance for short term
probably short term correction after make a double top pattern with bear div validation & fill FVG area.
After touch the golden ration value of fibonacci & fill the fair value gap, possible movement for this pair will go down.
Possible move for cable after breakout structure (BOS) at intraday timeframe, price will move up after small correction.
Possibility retest local support at 2 white area for buy opportunity
At higher timeframe, gold already re-test new support after breakout from pennant pattern. With fibo line, I think gold price will rise to green area.
Possibility move to upper level of green area. Simple bull flag pattern.
in a smaller timeframe, i think gold movement will make broadening wedge so correction for short term will happen if only candle not closed green full body & breakout from upper white line.
Price expected move to north side with yellow boxes as area for taking profit (TP). Nearest yellow box can determine as TP1, next yellow box for TP2 and follow. Risk already define at red box. Disclaimer on.
At time frame 1H, cable likely form inverted head & shoulder pattern. The price expect to rise toward white arrow. Risk & reward as describe at picture. Disclaimer on.
Assuming Gartley Pattern - bearish type at timeframe 1H. I expect after price moving to red area or upper yellow box, price will move to lower yellow box or green area. SL & target already defined at picture. Disclaimer on.
After performing W pattern or maybe Bearish Gartley, this pair may correction toward new support or maybe breakdown if new support not strength enough.
In smaller timeframe, this pair made rising wedge pattern. May correction to nearest support.