We just waiting for it to break and retest the moving average on the h1
Waiting for gold to reject the 1800.00 level , then depending on the Indictors and some fundamentals we can go for a swing to the downside .
Gold broke the trend line has good support to the downside and looks like its starting to revers to the downside on 15 minute the trend is below the 50 Moving Average.
It is early to post but just incase I forget , we can wait for it to test the zone and get a snipper entry or we can wait for it to break the trend line after testing the zone . then we can use the Fib retracement to enter long . THANKS FOR THE COINS FROM THE PEOPLE THAT ARE SENDING IT TO ME .
Gold will drop Soon , IF it rejects this zone (1775.00) then we can enter a short trade It looks like its also forming a Rising wedge pattern so this could be a Sniper entry.
We waiting for a break above the zone then we can use the fib to get an entry , 3 confirmations would be 1. Zone Broken 2.50 Moving Average rejected H4 3.Trend line will be broken
As usual 3 confirmations 1.H1 and H4 above Moving Average 2. Broke and closed H4 Candle Above the Zone 3 Had A Nice Bullish movement So momentum should hold
Gold has Rejected the top zone and dropped , it then tested 0.5 on the Fib Retracement then rejected 0.382 twice on the 4 hour and 1 hour it broke below the 50 day Moving Average .
falling wedge formation with a fib retest of 0.382 stop loss just below 0.618
WE GOING SHORT ON THIS TRADE JUST MAKE SURE YOU GET A GOOD ENTRY POINT
Waiting for Nfp to pass then we going long