here's what i think could happen to GJ. don't trade this pair often but I like how it moves. either a full short down or till the last support.
gold shorts again. no pants. quick extension before psoible pullback
gold sells in place. break & retest to fib retracement position
gold shorts before the buys roll in. currently has broken the minor uptrend- > looking for a break and retest entry with stops above this level
nice fib play along with 50ma alignment. was hoping for 1900 touch to short but this could be all we're getting. lookout for bull traps!
what I'm seeing rn with gold -> fib retracement + bullish pin bar to the upside/head & shoulders formation will have to see how things play on next week. feel free to share your thoughts! :)
just an idea of what i think could happen. lets see how this plays out
looking for shorts at 50%-60% retracement level to continue this big push down. on htf it looked like a double top last night which lead to the drop + news. gold has hit that all-time high level so I'm looking at a short retracement before it even tries to break through again.
price broke above the trendline and pushed to the expected 1760 area. was looking for a push down before reaching this level, but this works even better haha. I'm looking out for a retest of the trend line probably close to new york sessions to then place longs to 1780 area tp. It all depends on how it plays out coming up to new york session, I could be completely...