KiBeCh29

KiBeCh29 Updated 

I am interested to see this scenario play out!

KiBeCh29

Good to short upon retest n reject

KiBeCh29

Possible long opportunity with this pair after it had failed to drop further down last week and bounced back up ABOVE the resistance!

KiBeCh29

If price keeps up with this momentum then we could have this scenario unfolds! However we must first wait for a break and close ABOVE the structure and OUTSIDE the descending trendline for a chance at a sure trade!

KiBeCh29

We could have a continuation to the down. However we need to closely observe how price reacts to the red zone for confirmation

KiBeCh29

Anticipating a further price drop

KiBeCh29

Price has deeply fallen back down below the previous area of resistance.

KiBeCh29

Wanna go long? wait for a break n close above 1817.03 Wanna go short? wait for a break n close below 1791.59 There is really nothing to do at this stage beside watching. Gold has formed a very steep ascending channel and in my opinion, its not going be long before the drop happens. However this is GOLD we talking about n anything can happen... SO PATIENCE IS THE...

KiBeCh29

Price may linger at tha support zone for a while but eventually will resume its up move

KiBeCh29

A Clear Head and Shoulder chart pattern can be seen on the daily and H4 TF. We should wait for a clear rejection from the neckline area and a clear indication of downtrend resuming!

KiBeCh29

Expecting a push up towards 1.38088

KiBeCh29

Wait and for watch for strong price action rejection from the trendline and the zone

KiBeCh29

A Bearish Flag and a Double Top. Wait for price to reach the neckline and gets rejected for gud short trade opportunity

KiBeCh29

there is a possibility for price to shoot for the moon at around 71.572 and if it fails then it will fall on the clouds at around 71.180. However that will ONLY be possible if the 70.511 support holds. IF NOT then we could have a gud crash to the downside

KiBeCh29

this long term descending trendline has been broken. Maybe it is time for a new trendline!!

KiBeCh29 Updated 

wait for price to break and close above for a possible trip back up to 1.36105

KiBeCh29

Long as the support keeps holding we can expect a push from the bulls

KiBeCh29

Anticipating a continuation once this pull back is complete!