Gold was moving in a sideways channel for some time on H1, M30, and M15 and we have now recently broken demand / support, as illustrated on the chart markup. There was a retest on the new found resistance and we are looking to go short 💯
Break of previous downtrend structure and a play out in the symmetrical triangle. Looking to see a rally to the up side once we break the triangle resistance line at around 34181 price. Triangle pattern respecting H4 and H1 TFs as well.
Price broke above my major key resistance trendline and seem to be testing the new found support. My FIBS are out, price currently on my key price retracement zone and seems to be bouncing off 🚀. We are definitely heading for a new HH. Ill be patiently waiting.
Price currently testing 33996.0 Major key resistance on H1 in our current structure. overall trend is bullish our our major TFs so not looking to hold this short position on this particular trade. SL set tight above H1 Major key and TPs are set on my key zones on Fibonacci. We also have CPI at 15:30 (SA time) so I wont be capitalizing on this trade for now. lets...
Dow has broken previous 33420.00 price (Resistance) and seems to be introducing new found support (if it retests) for a continuation of an overall uptrend. Let's see what happens when the market on the 9th of Jan. May the gods of forex be with us all 😍📊🤭💯📉💜📈⚡💲💸✈️
I took a sell on this retracement on the second touch of the Price Retracement Zone at 38.2 confirmed by my Diagonal Resistance / Trend line and my drawn Supply zone on that exact PRZ. Confluence is so sweet.