Double top or Fake channel breakout This move was combination of both fake channel breakout on 15 min chart and double top on H4 chart or trend continuation on long term parallel channel. Always consider all pattern and use Elliott wave analysis to know beginning and end of any chart pattern
Gold is trading in this parallel channel. upside target is 1825 . downside breakout of lower trend line will confirm bearish trend and seller will target for 1745 .
after yesterday bearish move gold is trading in bullish channel
gold 15 min intraday bearish wedge. take profit on upside breakout
are we in middle of gbp usd head and shoulder pattern ?
gold has confirmed bearish trend after reaching 78% @1733 retracement of all time high. gold can again test support at 1445 this time this weeks old triangle will geve it room for 1825
after bulls rally. it has been moving sideways gbp usd has stuck in breakout zone lets wait who wins. if it break up than it will be 5th wave. if don't than it is reversal
gbp usd in fourth correction wave. we expect retrace to 0.38% or 50% than rise again in fifth wave . it has been following wave principle very well
after rally from 1450 gold now is in correction mode in parallel channel. breakout of this channel will be very important after covid 19 bill voting
gold is now in triangle correction after huge sell off. it has got major support zone at 1453 - 1445 that has been tasted multiple time. for fundamental reason global rescission and us election 2020 trade war agreements are still drive it higher. so there is maximum probality that gold will break out this triangle . at the end of the fourth corrective wave will...
after biggest decline gold is rising again in parallel channel . lets see whats happen on Monday
gold is flirting with around 1470/71. it has become a huge support for closing price.
gold is now in bearish parallel channel after last channel breakout if this channel is right than bullish target for 5th wave will 1660 if it break this channel than bearish target will be 1616 use proper risk management wait for breakout for sell target
gold is in another parallel channel after breaking previous one resistance - 1710, 1690 suppoet 1662, 1660
there is low chances of gold going down from here if it breakout another rally begins
gold may go up after market open but it is in bearish trend. important stops is yellow trend line