Its expected a big dropp of this pair affter some days in consolidation up and down in a top zone of a weekly down trend channel.
Affter the process of indecision in this support zone the market tends to keep going down.
We can see clearly a Head and Shoulders pattern and the retest affter break out the trend line and a very good confirmation candle for short positions.
Since December the price is falling down, and just this mounth we got a good movement up but not enoght to break the down trend. Right now the price reach a very strong support and we can expect the price going up at least till @ 0.64378 where is the resistance that breaks the movement up that started at 11 of Februari.
The price breakout this strong support at @26814 and its retesting before keep the journey going down of this week.
The gold is facing a strong resistance zone. We can expect a short position untill the next strong support before goes up or maybe down affter some confirmations.
We have a lot of confirmations of a big down trend starting when the up trend finished at @ 144.932. The breakout happened and we got one strong support that became resistance and then affter we got a Flag Symmetrical Triangle pattern. Affter break the triangle we got a confirmation of Head and Shoulders
We can see a strong up trend channel and at the top also a very strong resistance that was respected. Affter reach the down side of the channel its very possible a break out down till @ 2.00000
Have been on this one since Monday . Respecting the big down trend channel ws time do go up, with possibility to reach the top of the channel.
Affter touch the trend line and support zone, the price ir now in a good bullih moment going to the next resistence level at @ 71.293
Breakout the previous resistence and is geting strong bulish movement
The price came up again to retest and there is a possibility to start going down
The price as beed in consolidation for some time on that resistence zone and is showing some short signals at lower time frames
Respecting a very strong support zone and coming up again
Affter breaking the trend and retested, the price is having a strong bearish moment
Making Higher Highs and Higher Lows We Must wait for confirmation before buy