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XAUUSD

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I fBears fail short term it should be obvious on open. Major fib line closed on.

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A better view of S/R lines still makes me want to take short. Need to see how the next candle responds to be sure.

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1663 was tested by Bulls mid April already and seem to be a important level as well as 1630 down below. You can see the 2.618 fib extension and how price failed to close above it. If price is in a range this could get bad for short term bulls. There is a pennant on the daily time frame. If that pennant breaks to down side, bear targets should be 1663 tp1;...

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GOLD cant be stopped. XAUUSD

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I want to believe Bull forever but I can't help but notice the 200ma on the 4hr. Honestly, I don't have great perspective on this yet but wanted to detail what is still in play in my opinion. I'm being very cautious because I know bears are lurking.

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Seem like Bulls will challenge the top of the pennant . We go from there. By the way, the range is the previous highs that gold sold off from early this year (FEB-MAR). Traders have been buying/selling off both levels as you can see. This extension currently bottom of range should provide a decent bounce. Pennant almost complete.

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XAUUSD

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Comex

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XAUUSDA

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Dear Comrades, Gold is no doubt trading within a pennant currently and looking to fill the top of the wedge shortly if support can hold. But, it is just that support I am worried about. I am bullish but not like this price action on intraday time frames. I would recommend a long play to 1720-ish, targeting the top of the pennant, but I...

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XAUUSD TIGHT SL IM A BULL LONGTERM.

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1690 is strong support as selling slows above. Buying a bounce off support is low risk. Tight SL. Understand that you have to consider how much you want to lose before giving up on this support. That amount will of course be completely up to you. Also, understand that gold doesn't necessarily need to bounce off the support to break out into 1700s (or 1600s to...

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BTCUSD

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BTCUSD

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I believe we are stuck in this new range for now. Bears could break us down, but until then I would favor bulls to retest trend line above.

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XAUUSD- goodluck

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The fib line that I have highlighted in green will in my opinion make the difference here. I've included in some oscillators to help you with any possible troubles. See RSI, Sotch, ADX showing a lack of volume as we approach support structure.. Now volume can kick back up once support breaks but usually that comes after some sort of ranging, or correction.. I...