Bear Flag - Short - Target $ 34000 Will be monitoring this to see how it plays out...Doing some TA after years away from trading, fun times ahead. Will not be trading this. Looking for enter for a long positions at lower levels.
Supply Zone, 38.2 FIB, Down Channel Resistance. If the down channel is not broken, Targets - 1175, 1160.
Bearish Flag break, targeting channel support
Current development on Gold, have everything i look for when looking for opportunity. RSI Divergence (bearish), MACD Crossover (bearish), 200MA resistance, 61.8 fib retracement, clearly visible channel and wedge with high possibility of breaking down. *Not a trade recommendation. Just visually expressing my idea.
View on weekly and everything seems clearer. Lower timeframes are not as messy either. Looking at 1152-54 for short. Details on chart.
Short at 61.8 fib. Looking for possible channel break and pivot (red line) as target (at least) or the bear flag on daily to play out for deeper targets.
- Bullish RSI Divergence - MACD Cross - S1 to PP - 1:1.3 R:R - targeting retest
50MA is about to cross 200MA to the upside. This is considered to be "The Golden Cross" . Golden Cross can be excellent sign of where a market is headed. , and is a buy and hold signal. Inverted head and shoulders pattern can be seen on the chart as well. Multiple shoulders are marked and along with a upwards neckline are signalling powerful move to come....
Following up on the trend fan i posted few days ago in a previous trade idea. Clear break and retest visible, as noted on the chart. This is giving us bullish direction for days to come. At current levels we have strong resistance area, pushing the price down, and hopefully give us a better buy level. Will be watching for first buy signal at around 1221.81 as...
Inverted Head and Shoulders pattern (Break and retest) - Target around 1260 *Saw this a bit late, but i think it's still worth a shot, depending on daily close
Double Top and Break out of Channel (Retested on Daily)