Potential long-term H&S formation. Price is getting rejected at the trend line. On the 1H time-frame fib 78,6% has been touched perfectly. I have entered short, tight SL 1621 or for any potential wickfishing up to 1638 just in case as it doesn't affect much the RR is still nice 18.1 with TP-1 around 1424. NB! This is no trading advice, do your own analysis!
Don't be a sheep and do the opposite of what everyone else are doing. HODL what you have and have some fiat aside in case the worst thing happens. This dump could be epic.
Is this pitchfork that I've drawn to the downside. As you can clearly see we went through it. The last opportunity for the crash was on 1st of October. Just take a good look at it, it would be a perfect timing. A lot of people say explosive move is coming to the downside or upside, but I disagree with all of them. I think we're just gonna continue sideways and...
Market gets destroyed on 8th of October, last candle left on the daily chart before the breakdown. It goes past 5000 and 4300 because of the people panicking thinking it will go to zero. It bottoms at the most obvious support 2900 and bounces off all the way up to 5444 which will be used as a resistance point and then the horror movie begins all the way down to...
Expecting gold to make its way back above 1330 on the midst of trade war technically it is due for correction to the upside. We look to go long on break and retest of 1265.
Since GOLD has cleared out most of the Bears along multiple time scales up to 4 hours (IntraDay). Its Left for DAILY RSI to hold support at 50. Which it has done for the whole week. The longer its held, the more legitimate it is. (Check yesterdays Buyers launching at this level) This is inspite of all the pressure from DOLLAR buyers who want the greenback to be...
This is continuation of last post on XAUUSD. As expected Gold has risen up towards 1300 levels. We have mentioned earlier that 1150's will be buffer zone, as Gold went down till 1120's before getting bullish. Thats a very good move we have caught on medium term from 1150's to 1300's , so its advisable to book part of your profits and there can be a pullback again...
$1300 IS THE TELL. Which way will it go? H&S / Double Top forming? Hedge your bets