GOLD → be aware doesn't trick us!
Updated
hello guys!
the price is hunted the last area is around $2337,
this seems like a hunt, not like an engulfing!
current state:
1- it formed a QM pattern and touched the target of the pattern!
2- the Qm pattern looks like H&S too!
3- at the upper time frame the main trend still is bearish and the descending channel has not broken yet!
forecast:
1- the price will touch the upper line.
2- afterward, it will start the downward movement.
___________________________
✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
the price is hunted the last area is around $2337,
this seems like a hunt, not like an engulfing!
current state:
1- it formed a QM pattern and touched the target of the pattern!
2- the Qm pattern looks like H&S too!
3- at the upper time frame the main trend still is bearish and the descending channel has not broken yet!
forecast:
1- the price will touch the upper line.
2- afterward, it will start the downward movement.
___________________________
✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Trade active
Note
it reacted very well
Note
seems it forming a symmetrical triangle pattern!Trade closed: stop reached
👉my recommended broker:
bit.ly/HYCM-M
__________
👉my recommended exchange:
bit.ly/LbankMelika
__________
My telegram channel:
t.me/melikatrader94
bit.ly/HYCM-M
__________
👉my recommended exchange:
bit.ly/LbankMelika
__________
My telegram channel:
t.me/melikatrader94
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.