There is a bullish harmonic pattern in play but we'll have to wait and see if price breaks above bearish trendline.
Weekly bullish harmonic C-D leg. that was seen a few months back. Price maneged to pivot at the spot that was expected now could see a push down, we'll have to see how pric treats support to look for a long entry.
Let see how this one plays out as expected.
I BELIEVE PRICE IS UNDER BULL CONTROL WOULDNT EXPECT A MAJOR PULLBACK FOR THE TIME BEING. FAVORING LONGS.
Favoring the breakout as long as it retest itself on the yellow trendline.
Lets see how price behaves; Looking into the Daily setup-
-First to note theres a reversal Monthly candle that has formed upon the "200 EMA"(Monthly candle) should price indicate on lower timeframes bearish signals, orders can be placed at such level mentioned on the chart. Ill take a closer look at the 4H TF to see where's price headed.
Lets see how this harmonic pattern C-D leg plays out.
Currently price action has hinted a possible bearish move. For this to fulfill I wouldnt like to see trading above my C pivot. Let see what this has in store or us.
Price as reached a weekly high which may seem as a bullish trend, Although at hte time im looking for a strong bearish pullback. Im only place orders if price fails to break above C pivot.
As highlited price has seen HH, Possibly advising further bullish move. Would like to see price close above Daily Support/Resistance.
Gold has been under bearish power. We could start to see a retracement or pullback before seeking for LL.
Price has been pushing up, advising further bullish move, For this to happen id like to see price retest Daily support then continuo moving up. If this fails as support I´d be looking for shorts unti next support. Longterm bias on this one or me is Bullish.
Price on montlhly TF shows that bulls have lost control possibly indicating price to fall and look for futher Bearish move.
Price seems to be bouncing quite nicely off trendline. Well see if we can push long orders in the week.
Looking closely at this one. I wouldnt like to see price above .7200 level.