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Descending channel continuationGold is currently in a consolidation within a bearish rectangle which will see it continuing downwards.
This statement is further proved by the resistance of the 23.6 fibonacci level.
I would place a sell stop a few points below the rectangle with the first target at the next clear support.
Good luck and follow me for more.
Still on track; Coin flag Pt 3This will be my last analysis before I write my exams, the bullish plan is still in place after this bear run. This plan includes a:
-Bearish descending triangle
-bullish flag
-cup and handle
That support is the only thing keeping the price from plunging, I trust it'll suffice
Good luck and follow me for more!
AUDUSD LONG SETUP AUDUSD
it hit support zone and now we are looking for buy setups, you will wait for it to go up for a conforming a uptrend market. as you can see it broke the trend line and now it is retesting it and also hitting the fibonacci level of 38%
i like to see it hit the 50% and then buy! risk reward on thid trade is 2.40
entry: 0.67267
TP: 0.68428
SL: 0.66784