Gold trade plan previously posted still valid Structure: Head and Shoulders 1. Price broke out from the neckline 2. Price currently on retest Add trades when prices moves below 1649 and 1636
Structure: Down Trend Channel 1. Price rejected on the resistance (top trendline) 2. Fast MA below Slow MA Sell GU to support level
Structure: Uptrend Channel Reversal 1. Price broke out form major support (bottom trendline) 2. Price currently on retest of the broken support. Sell NAS
Structure: Head and Shoulders 1. Price broke out from the neckline 2. Price currently on retest Add trades when prices moves below 1649 and 1636
Structure: Bullish Pennant 1. Price broke out from the triangle 2. Price currently sitting on retest of the broken triangle. 3. Daily candle closed showing signs of rejection
Just sharing an idea please share your view on the comments
Price broke out from previous inverse H&S shoulders and quickly pulled back below, sell Gold to 1614 as it is going for retest
Structure: Head and Shoulders Buy Gold when price breaks out from the neckline.
Structure: Down Trend Channel Price rejecting on bottom trendline of the channel and above support level
Congratulations to those who followed my analysis from 1574 TP hit @1596 and price broke out from resistance trendline currently consolidating in a bullish pennat. Structure: Trend Continuation (Bullish Pennant)
Structure: Bullish continuation 1. Price found resistance @9644 (flat resistance level of the triangle) 2. Ascending trendline with HHs (support level of the triangle) 3. Bearish divergence on the RSI
All the signals are on the chart, please comment with your own analysis
Price rejected on the resistance trendline, sell to support level
Daily candle closed above resistance, buy Gold to the next resistance level
Structure: Triangle 1. Price rejected on support of the structure showing strong bullish momentum. 2. Above Daily support level 1.2938 Please share your comments below
Structure: Bearish Flag 1. Price broke out and retested the support of the flag which became resistance. 2. Daily support level @1567 has been broken Sell Gold to the next support level