Similarly to Silver I'll enter an Intraday trade for %50 fib retracement price $1916-$1918 area with my confluences and hold/exit at $1950-$1954 which is the %61,8 fib retracement area. Wait for markets to settle and enter a Sell position down to $1879-$1881 area, and because the DXY is increasing in temporary power, wich is needed in order to take my overall...
Day trade play: if/when Silver retraces to $26.91 (%50 fib retracement) and other confluences I 'll enter a buy position and exit at $27.38(%61.8). Position Trade: Wait for price to relax and catch Sell position at %27.40-$27.50 down to, the first support at $24/oz and Ultimately $20/oz for at Buy position to $35/oz then hopefully breaking last year high of $49.8/oz
Now that USDJPY has returned to its very strong support at 101.44, I believe it will begin to complete the C to D leg, soon
GJ has been in consolidation for two weeks now, a breakout long is due!!!!!
Since rejecting at 61.8, may be a small short to structure at .98428. Then a bounce long towards .98640 to complete C to D leg!
Will reach small long torwards 133.171 then back down for bearish trend
I see this Gartley, completing the B to C leg.....hmmmm
i fully believe gold will continue with bullish movement for a while..hope this is the case..