mohammed-diab

mohammed-diab

price broke the triangle and retested it, go short to the feb level 78.6

mohammed-diab

reversal happened on the 38 level, time to go long until the feb level 78.6

mohammed-diab

looks like we got a perfect down trend Down trend is confirmed Price retraced to the feb 78.6 level Daily Trend Line is respected so far we can expect at least TP to hit at least feb level 100

mohammed-diab

you can go short now, or wait for retesting the trend line for a short SL

mohammed-diab

the up trend has ended, facing a strong resistance area and price just broke out

mohammed-diab

there is a little room for the price to go down, it was a way better to enter this two days ago but let's see if we can get the rest of the trend or not !

mohammed-diab

uptrend since 16th of May and still valid, i won't risk much in this and go with the trend after the last pullback and see what will happend

mohammed-diab

last retracment was to 78 level so i can see there is still a potential to catch the rest of the uptrend .

mohammed-diab

uptrend is confirmed, moving averages are supporting the next low point, will go long when the price retraces

mohammed-diab

Price Broke the down channel and tested the edge of the channel and went up with a momentum, moving averages also crossed

mohammed-diab

Price retracted for more than 61.8 Feb Level, so expecting TP1 at 100 Feb Level , TP2 at 161.8 Feb Level

mohammed-diab

the downtrend is exhausted , and a decent buy can happen

mohammed-diab

reaching good support level, correction wave is a bout to finish

mohammed-diab

reaching monthly support, also correction wave happened already the next wave will be big

mohammed-diab

i can see descending triangle on the H4, two possible scenarios if it bounces from the support buy if it breaks the support sell

mohammed-diab

downtrending since 25th of April, creating a good entry point now and i can still see more downtrend until 107 level

mohammed-diab

everything is getting crazy at the market the whole china and us issues made the gold spikes a lot yesterday, i will wait for the pull back and renter

mohammed-diab

good potential buy and aligns fundamentally with what is happening in Turkey