1. Gold Still in a very bullish trend in Higher timeframe. 2. There's divergence sign, but we'll see potensial Short scenario once gold reach its weekly wick ATH 3. Bullish until proven otherwise 4. The last 2 4H candle is an engulfing candle combine with a classic retest on the last 4H candle 5. Ideally the candle will retest and Previous Day low Liquidity before...
Referring to earlier prediction in my profile ( 2nd one) #not so sure why i cant attach link but check for yourself Now we can see a rejection in C area (15minute S/R Flip) followed by 4H bearish engulfing, Theres a chance that price will continoue lower to the last liquidity wick. Short become an option with stop lost above last 4H candle high and the TP can...
Based on : 1. Nearest swing high and low fibonacci 1.618 retracement area -> 2420 area will be a obstacle for gold to move further. 2. Divergence sign based on rising price and lower awesome osciliator on 4H, means price reversal will likely happen soon. 3. Looking up 1D,4H,15m the bullish candle is still very solid On The upside: 1. On 15m, price action likely...
Based on: 1. Gold has increase very aggresive from 2000-zone to 2340 zone 2. Gold is in price discovery mode , already gain new ATH, now looking to secure the real area before further correction 3. On Wave 5 gold show deceleration of its gain, there is a clear compression that can explode either upside / downside 4. Gold will soon reach its nearest fibonaci...