solitude79

solitude79

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solitude79

Hello people, we have had lots of ups and downs with this wicked security. In this updated chart we see the price stuck below a very tough res. zone. There is simply no more room to maneuver. We will have a definite direction in two to three days, on way or another. If gold buyers fail to take back that orange zone they may lose everything and price CAN fall...

solitude79

Analyzed in TAC course, Oct 2020

solitude79

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solitude79

A return to the inside of the channel ?

solitude79

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solitude79

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solitude79

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solitude79

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solitude79 Updated 

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solitude79

It is almost inconceivable that gold can break through this area on the first attempt. So a sell here is logical specially when price touches 1746-1748 zone. Will it break through? At this time and in the current wave, I dont believe so. However if it does cross with a strong H4 close we have to seriously consider 1769-1772 as the next target.

solitude79

We have a very strong support here complete with a perfect AB=CD...Target can be 1740 and 1748. And maybe 1772 But this will be the last buy setup for Gold before falling below 1700 and hitting 1600...We have very strong negative divergence in higher timeframes

solitude79 Updated 

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solitude79

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solitude79 Updated 

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solitude79

No way it is gonna be able to breach that red zone without a retrace. Still, we are talking about gold in a trend and its viciousness should not be taken lightly.

solitude79 Updated 

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solitude79

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