Shooting star formed after yesterday bull run, now price broken through symmetrical triangle on lower TF and clear wey down for form Bullflag, note also that RSI showing double top with divergence TGT for sell side for me at 50,52 right at 0,618 Fibo, but better put TP at 51 Also waiting for later testing of lower trendline support but need clearer confirmation
see the chart to understand
So we now forming right shoulder, if formation confirmed by breaking neckline we would clear the way to 1060 to make lower low
Lets see what Monday gave to us, if commodities mkt reversed we could see silver at 16,7-17 $
See the chart to understand...
see the chart to understand, holding long from 14,6, in perspective if not go lower more bigger TF divergence can pull it much higher to 15.xxx lvl
After a strong and fast bounce from daily channel support line, price sticked near median ready to drop, after a bit consolidation we should possible to see retrace to one of the Fibo level, max tgt for me at 0.764, best smart exit would be near 0.5 See the chart to understand
see the chart to understand: multiple divergence channel and trend support near
Gold moving in triangle CCI & MACD showing divergence RSI showing double divergence range for now 1142 (support) - 1156 (resistance) one more attack on support line still possible for these day's, before bull run
Look chart to understand We are standing near two scenarios: bounce from trendline (1,45 - 1,52) to retest 1,533-1,537 with possibility of breaking attempt break red trendline and reach the high at 1,603 where best to put sell limit order
Downward move should start next 2 weeks until 29/06/2015 to reach level of 1,56-54 (around 200-400 pips down) Confirmation M30 Friday double top which lead price for lower low Confirmation H4 Friday Pin bar and divergence Hope you like my analysis Patience and cautions everyone is the key)
see the chart tp understand, need a reverse on low TF to apply that scenario
read the chart possible movement on chart SL 1,5900
DXY broke the neckline and now near neckline as Support area to bounce and break later if NFP would be bad and FRS wouldn't think about rates hike, also Greece today payment make note! As for me today after bounce we would go lower!
Pin bar formed yesterday, should go near ma50 and cloud area to continue uptrend