


ChampitoPro
New HH and HL , new up trend ? Down trend finish ? In the area of 17.607 - 17.843 a correction is possible since it is a Support zone. You should not leave aside the weekly economic calendar, to be efficient xD
possible regression in the 1262-1260 area , look fibonacci too
Posible price regression until 0.38 fibo , later go long until resistence 113.72
As we can see that price is likely to fall, my reasons for that happen are found next. 1) Posible divergence 2) Posible uptrend break 3) Evening doji star ( in weak resistence ) We must notice that the price is at historic highs and makes everything even more unpredictable
Price broke trendline , this could be last chance to enter Chart pattern broke ( wedge continuation ) TP3 Probably , why ? Cuz the gold trend line ( week ) , is this line . ( It can take some time until the price get there)
The whole explanation is in the chart.
Possible short opportunity , We must wait orange line break , price could break green line , we have to wait .
Why long ? 1) the price is close to an important support point 2) Up trend We must pay attention 0.23 fibo area .
Nice up trend , potential ABC I forget upload this last friday xD
Trend line boke , symetrical triangle pattern broke , S/R broke . U put th Stop lose :)
We must wait until we have a clear break Put attention ECB President Draghi Speaks
Flag pattern Green lines are something like TP1 , TP2 I think it's a good opportunity to go long
In the last days we may notice some indesicion in the market about breaking the resistance or going down. Possibility exists that the price rises, since the pattern flag was broken
I think that the price continues to rise, possibly in the next few hours of a correction to the uptrend, but later will continue to rise