Ascending triangle reversal. Ideal scenario is a close below 4800 creating a bullish divergence on RSI to match the bullish Reversal pattern. MACD will bottom if the pattern holds. It is the most negative it’s been since the drop after the 2017 bull run. If this ascending triangle holds, I believe this is THE bottom. If not, 3500 is the next support and I’ll...
DXY HAS BROKEN ITS TREND LINE BUT IT KEEPS HOLD ITS FIRST DEMAND LEVEL IF MARKET BREAK THIS LEVEL THEN FURTHER IT WILL DROP APART OF IT US GOING TO MAKE SOME DEAL WITH CHINA SO IT DOESN'T SEEM TO BREAK THIS AREA SO DXY WILL BE POSITIVE AND ALL PRODUCT WHICH IS INVERSE TRADE WITH IT WOULD BE NEGATIVE.
Dear followers, in the chart shown above we can see that gold has been losing it's bullish momentum and might retrace to certain levels mentioned on the chart. please use the correct risk management when trading gold as this commodity moves fast.
Short then lower stop loss as shown once targets hit to run with 0% risk
We've placed a -BUY- on this trade; as price has closed -ABOVE- our daily Trend-line. We have a pretty big S/L so remember to use proper risk management. We are looking to possibly hold this trade over the weekend. This is our 2nd entry for Gold; as our 1st was placed yesterday with a major trend-line rejection.
Gold is at a significant level now with major structure from multiple sources. I will be trading a shift in sentiment on the lower time frame with targets already outlined on the charts.
XAUUSD is forming a gartley pattern. The pattern completion alligns with .786 retracement from X-A. Targets and stops on chart. Happy trading
Gold is seen to push towards 1390-1400 area days from now while awaiting NFP on Friday.
Free Training Tomorrow: www.starprosper.com BAT PATTERN PAIR: XAU/USD TIME-FRAME: 4HR TRADE: BAT PATTERN Waiting for price action to come up and hit our D-Point completion, on this Bat Pattern, we're now filled for a potential move to Target 1 and Target 2. NOTE: These are potential trade opportunities. Please re-analyse the trade...