gold analysis - 27 mar 2023
salut salut, comment allez vous? ;)
my analysis is a follows...
- on higher timeframes such the daily and the weekly market has been in a range and has formed a double top on those time frames
- from last week thursday market respected a level of major resistance and was then bearish ever since
- the bearish move has broken out my upward trendline and market is currently at the support of the range
- what i will be doing now is waiting for a break of that support/neckline of double top then a restest for me to go short
- my stop will be above the breakout candlestick then take profit at the next major level of structure
and lastly if my edge happens i am taking the trade and then wait to see what happens
my analysis is a follows...
- on higher timeframes such the daily and the weekly market has been in a range and has formed a double top on those time frames
- from last week thursday market respected a level of major resistance and was then bearish ever since
- the bearish move has broken out my upward trendline and market is currently at the support of the range
- what i will be doing now is waiting for a break of that support/neckline of double top then a restest for me to go short
- my stop will be above the breakout candlestick then take profit at the next major level of structure
and lastly if my edge happens i am taking the trade and then wait to see what happens
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