Last high hit monthly fib 50, which it hasn't broke since 2010. Strong resistance. Monthtly candle formed shooting star. Weekly also bearish engulfing.
Price came back down to retest last resistance on weekly chart. Last weekly candle closed as bullish spinning top. On daily we have been consolidating last week but making higher highs on 4h chart. Also there's bullish MACD divergence on daily chart.
Expecting long to fib 38,2 (15,39$), which will be target 1 and target 2 would be fib 50(15,55$).
I will try to...
After big weekly shooting star gold fell exactly to target which was also monthly 38,2 fib (1275$). Looking now daily, falling has stopped and formed bullish spinning top on Friday. Also daily MACD shows bullish divergence.
Atm im looking for bounce back to trendline retest (1285$) or even to weekly 38,2 fib (1290$). And from there I belive gold will fall to...
Weekly chart showing Morning Doji Star pattern. Daily chart broke resistance (1.1289) and closed above it. On 4h chart there is bearish engulfing but it's followed by doji candle.
Also there is SEW survey coming out which has positive expectations, which should rise the price of EUR.
If possible I would try to enter long near 1.1285 (with tight stop...
Weekly closed as huge shooting star. Hoping to see retracement after that big drop. Short entry around 1300 - that's where daily 18MA is and in 4h chart it seems as strong resistance (also fib50).
If price keeps falling then I would enter short from retest of last lowest wick(1289,78) or breaking the trendline and retesting it. Always wait for reversal...
Arvan et pigem bearish -
hind hetkel ülemis trendijoone juures, MACD lahknemine
Võimalus ka et bullish kuna weekly candle algas korraliku gap'iga ja sulges rohelisena.
Shorti läheks siis kui 4h candle sulgub alla 111,6$.
Longi läheks siis kui daily murrab ülemisest trendijoonest läbi ja retestib seda + peab olema ka reversal signaal.
Pennant pattern - seega arvan et kuld tõuseb 1308$ kanti. Sealt tuleb edasi vaadata kas murrab läbi või tekib bearish signaal.
Pennanti murdmisel alla poole target1 - 1275, mis on fib 38.2
target2 - 1252$ (fib 50), arvan et sellest alla poole ei lähe.
Longi läheks siis kui 4h candle on sulgund üle 1293$.
Shorti läheks siis kui murdab alumise trenijoone ning...
Down trend weekly's ning tundub et langev channel dailys. Kui Jorhi öeldu vastab tõele siis peaks ära täitma selle eespool olema wicki.
Võimalik, et retestib monthly trendline.
