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FIB target of 94 yet to break. A break would signal 1920. bouncing off 886 here at 86 is good sign for bull extension. Entry on 94 break would be textbook fib work. Low volume week made trading complicated but we go into next week with optimism. -HOOP

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I've seen people place retracements in interesting ways and just want to show an objective way to place your retracements. You need a top, a bottom, and a corrective wave or reversal that you are analyzing. Now, fibs are everywhere and you can place them however works best for you and there is no ONE way, but this is for people who want to approach learning...

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My 1920 (SPOT) idea from yesterday could end up right eventually but I again will remind everyone of range. You must be careful and know that this is what is going on on larger scale. I'm actually surprised how much bears were able to take off from gold, could it mean a bear market is upon us, or a fakeout, or like mentioned earlier, just sliding into support?

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XAUUSD

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XAUUSD

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I've had a few of you guys asking me about how I determine my corrective/reversal points per fib, and since I had a great trader teach me the ropes on how fib moves, I thought I would do the same. Follow each colored arrow to its respective fib. These are typical fib patterns to see on retraces. The same happens in bear markets. Also, you will need to apply...

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Updated view: I presented you guys with my last idea, a bear scenario to go down to the 1880 range on a bear extension. Volume is starting to look more favorable to Bulls, and I wanted to show the range and patterns that I have seen forming at this base. A sort of pennant, or flag with a broadening wedge or falling inside... It's debatable but prospective targets...

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We are low on volume and there is heavy resistance above. This is not a prediction but if chart starts to show more that we may be in wedge to support it will give me a edge on when to enter longs again, or if to take a brief short.

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XAUUSD

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EURUSD

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Is this an ascending triangle trying to break out or is it a broadening wedge waiting to take the fib below (1823), making us open for a falling wedge pattern.

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XAUUSD Still under 2011 ATH and still challenging it. This is good position for bears from ATH still but hopeful intraday bulls.

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XAUUSD

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I don't know if I will take this short but the technicals are starting to look more and more like a leg down is coming.

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DXY

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ABC

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Honestly, the reason why I'm positing this is based off Silver technicals. I don't like the charts for Gold as much but with a fresh trend line break of resistance, and the volume that seems to be coming in on Slyer which my last idea was posted about, it would naturally only make sense to hop on for a ride in Gold. There's a major resistance line needed to break...

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XAGUSD