an IHnS price pattern formation on this pair. We could see price bounce off of this support and resume its up movement
We had a strong push from the bulls yesterday and broke above 0.93240. if this momentum continues then 0.94336 could be the next target.
The highest price was retested and price was met with a strong rejection whose momentum may carry this pair further down to the next major support
As stated in my previous analysis's of this pair, we have finally reached the neckline of this HnS pattern and price seems to have met resistance. However knowing how Gold behaves it could be a little too soon to hop in and take the short as price very well may try to retest 1787.13. So apply caution!!!!!!
The break and closure below the 0.92292 level could be just what the bears were looking for. We now looking for price to follow the movement and drop further to the possible lows of 0.91748
Head and Shoulder and a broken neckline... now at support price has formed a morning star price action that is clearly visible on the Daily Time Frame...Patternwise price has to return for the retest of the HnS neckline. Wait for a pullback of current price for a ride back up
Gold looking quite bearish with this head n shoulder pattern back at 1785. watch for the break and closure below that support for confirmation
Strong push back below support. Price will most likely try to retest the newly broken structure where we will be looking to go short
Anticipating price to drop from this level after failing to break the major resistance
We could see price drop to the next major support structure
We looking at a possible retest of the 1.47200 price before finally pushing towards 1.48300
We been steadily moving the upside with this series of patterns. I anticipate this bullish momentum to continue and a possible push to the 1813's highs
Price been consolidating and ranging around that structure for a whole week now showing buyers not ready to give in thus holding price at that support.
We could see this pair dropping below the previous low and a possibility to go even further up to 1.44215