After the MA50(D) rejected the down movement I am expecting a rebound to test the top of the channel, reaching first the MA50(W) which should act as a strong support Therefore I am entering LONG from this area Person point of view
I am expecting the price to reach the top of the channel and fall back to the MA20(D) with a possible extension to MA50(D) Therefore I will enter SHORT from the green area Personal point of view
I am expecting a retracement to MA 50 (4H) with an extension to MA200(4H) Therefore I am entering SHORT from this level Personal opinion
I am expecting a retrace to MA200(4H) That's why I am entering SHORT from 2.950 SL 3.200 TP 1 @ 2690 TP 2 @ 2600 Personal opinion
The pair has been sitting on the MA200(W) + MA50(M) for a while, I think it will not be able to break it, retrace to the MA200(4h) and possibly to the very close MA50(D) So I am entering SHORT from this level TP 1 @ 141 TP 2 @ 140 Personal point of view
The price is sitting on the 200(M) which I think will hold Therefore I am entering LONG with the first target on MA50(D) BUY @ 2.450 area TP 1 @ 2.660 TP 2 @ 2.880 SL 2.280 Personal point of view
After being rejected from MA50(M) I think it will raise to the 74,5 where MA50(4H) and MA100(4H) will act as strong resistance before continuing to drop to the MA50(W) . . That's why I will SHORT from that level . . TP 1 at 73 area TP 2 at 70 area . . Personal point of view
I am expecting gold to continue to follow the trend up as long as MA200(D) and MA50(W) which are basically at the same level (1820D and 1798W), hold. If this levels won't hold there could be a huge drop (1550?), but i don't think it will happen. That's why I will go LONG from this level. 1st TP 1990 area 2nd TP 2050 area. SL 1770 Personal point of view.
I am expecting the drop to extend to the first support area at least to the MA200(4H) and, in extension, possibly, to the MA100(D). I am placing SL @ 140.85 area cause i do not think it will go back to 141 in the short term. Personal point of view.
I am expecting it to reach the top of this channel followed by a retracement to the support zone. Personal opinion.
I think it will touch the top of the channel and then revert(crash?) back, possibly after data release, which i don't think will affect the movement. Personal opinion.
I see a triple top formation and expect a retrace from here. Personal point of view.