Corrective ascending channel followed by a possible double top at 1740? possible entry but I will wait for the first bear flag then enter if this happens. xau/usd is still technicaly in no man's land.
Looking for the reversal of the ascending channel later this week. Gold is good for pattern plays sometimes
Another possible bear flag formed again. TP same as previous target. Sell Stop set at 1699.21
Lets see. bear flag possibly as well.
3 touch descending channel followed by large bull flag to send me on route 1760. Unfortunately missed the entry but lets see what happens next!!
2 bull flages forming on eu. TP somewhere up there lol.
Analysis: If bullish retracement occurs followed by bull flag: IM BUYING If Bearish movement continues followed by bearish correction: IM SELLING. - Currently on the sidelines to see where the market is deciding to go
Looks like price has gone back bullish. TP - 58000 hopefully.
Trade Analysis: - Inefficiency in bearish price action.
Looking for price action to repeat itself before the longer bullish push to complete the pattern. - Possible target - 1.19529
Analysis: - xauusd currently forming descending channel towards previous low at 1765. - my plan is one of two possible entries: double bottom buy entry at 1784.985 or another double bottom reversal buy entry at 1765. - Long term target to 1965.
Taken out for profit where double bottom formed around 1812. Possibly forming larger correction. Desired target still 1785.
break of previous correction to impulse followed by another correction. entry taken on bear flag formed.