ChartFood

ChartFood Updated 

I personally believe that we will dip a bit here but can't be sure. I have already hit my target so I am not so reluctant to short now but am aware bulls are still here. taking some profits on way down is advised.

ChartFood

The Bears have been beaten into a bloody pulp and are looking for a bounce off the top of the wedge in the next coming days/weeks. The 1483 (5) line will act as a confirmation area. No reason to believe Gold can't keep flying but I'd say safe bet is to respect the broadening wedge until broken.

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Broad wedge keeps going lower as Gold Bulls feast on their road to 1485 (my original target). At this point, I believe layer into a position to hold for months on end is smart.

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Seems to be a wedge forming in downward trend here if we bounce. Bears expect this to just be a correction.

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I'm literally guessing here and posting prematurely for fun, so lets watch and see: We've probably entered into a forming falling wedge immediately after our rising wedge collapsed signaling the bulls true strength here. 1450 won't be the end of the movie.

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Bears have lots of momentum but will the sell off be enough to collapse wedge? Bulls still have longterm targets above highs but Bears are long overdue to retake the House.

ChartFood Updated 

After the potential pop will Gold collapse to previous bear targets (1380) or just surge to Gold Bulls long term targets (1485)?

ChartFood Updated 

Even if you don't trade this, beware of what may happen. I have a rule in trading to never short sell bullish trends. I have a long term target of 1465-85-ish and know how risky this trade is. Targets have been defined to next fib level. Enter on support break ONLY with limit order. Super risky trade.

ChartFood Updated 

I genuinely am not sure if Gold will dip to 1408 but I have a longterm target of 1485-ish and we have broken from broad wedge support (see previous ideas).

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AVYA

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XAUUSD

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I personally believe stock market isn't bearish yet but the TA I've done across many time frames makes me feel like a trend line re-testing. The decision area will be big for my confirmation.

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Notice we broke out of the broadening wedge only to form another on. Trade on a 5 count and waiting for wedge break or a bounce off this new broadening wedge bottom that we're (almost) touching. I have a longterm target of 1485-ish but I'm starting to wonder if that target will be reach now or in a few months (or even at all). I'll make my decisions based...

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Remember 1485 was my original target

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bottom wedge line target.

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Wait for the Wedge to break.

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SPX

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I don't post enough crypto ideas anymore. Target previous resistance levels. Trend is still cracked.