Gold has been bearish for past two weeks and I expect it to continue it bearish momentum till around 2220 - 2230. Howbeit price is likely to push to the upside to take out Liquidity engineered close to my AOI. I will looking for short from 2358 - 2362(The red zone) and TL to 2280,2265,2225 will be my profit target. But if price breaks the Trendline, I will be in...
Watching price closely lately, Price has been in a upward trend. Price came down to retest the accumulation before previous expansion. Price has grabbed liquidity. And pushing upwards as expected. Will it continue?! Only the market will tell!!
Price has been in a downtrend, We can see the daily TL and price is approaching it correctively. I would like price to come closer to the TL and watch how it reacts ( remember TL is a zone i.e price doesn't necessarily have to touch TL before reacting), Then I would be happy to follow the trend if it continues, with my price target the FIB levels 0 and -0.236....
Price is currently consolidating after break of TL. You will see price is zoned on my charts, waiting for it to break in any direction. I will sit on my hands for now. Comment your thoughts on AUDUSD below !!
Price broke my TL but price is currently consolidating right now between zones. I will sit on my hands till price breaks. Please comment your thought on NZDUSD below !!!