Gold retest to MA 100, make double top and hit MA 200 later
MA 100 = blue
MA 200 = red
the circle = same pattern issue a mini divergence on RSI
1. stochastic still topped, that's why no signal to retest MA 100 yet
when stochastic reversal it will retest MA100
2. MA100 is quite strong (if still a bullish trend)
3. MA 200 will be retested in my opinion but lets focus on MA100 first because there is still higher high potential after bounce of MA100
MA 200 = red
the circle = same pattern issue a mini divergence on RSI
1. stochastic still topped, that's why no signal to retest MA 100 yet
when stochastic reversal it will retest MA100
2. MA100 is quite strong (if still a bullish trend)
3. MA 200 will be retested in my opinion but lets focus on MA100 first because there is still higher high potential after bounce of MA100
Note
step 0: start signal retrace down with bottomed stochastic and retest MA 100
step 1: MA100 must become strong support, seek for reversal signal to plan a double top
step 2: monitor RSI when MA100 hit (under 50 or not)
step 3: plan double top chart
step 4: plan bearish divergence based from double top
step 5: plan bearish target hit MA100 double bottom or MA200 retest
step 6: monitor RSI again under 50
step 7: RSI will go above 50 again (if still bullish trend)
Note
just fibo for next rally which is 2968 and support 2640
Note
step 0: start signal retrace down with bottomed stochastic and retest MA 100
Note
Note
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