Gold LONG
1M
Price has return down and tested the EMA support, which formed a inverted hammer followed by a hammer. This months current candle seems to have broken strong resistance and heading towards weekly level of 1349.972.
1W
EMA's are crossed to the upside, with a previous higher low, we are rallying up to form a potential higher high.
1D
Past two days price has dropped down to test the EMA support again, with yesterday closing as a doji candle stick, as price keeps climbing today a morning star should form. Showing us the bulls pushing the market higher. This also was around a strong support level, which today has completely been broken.
4H
The support level I have referring to is closely referenced with 50% fib level. 2 rejections from both the fib level and the support level, followed by a CTL break and the EMA crossing to the upwards position. Target is placed just a few pips off the 1350.000 level.
Price has return down and tested the EMA support, which formed a inverted hammer followed by a hammer. This months current candle seems to have broken strong resistance and heading towards weekly level of 1349.972.
1W
EMA's are crossed to the upside, with a previous higher low, we are rallying up to form a potential higher high.
1D
Past two days price has dropped down to test the EMA support again, with yesterday closing as a doji candle stick, as price keeps climbing today a morning star should form. Showing us the bulls pushing the market higher. This also was around a strong support level, which today has completely been broken.
4H
The support level I have referring to is closely referenced with 50% fib level. 2 rejections from both the fib level and the support level, followed by a CTL break and the EMA crossing to the upwards position. Target is placed just a few pips off the 1350.000 level.
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