Silver is in area that should be watched as well. If USD gets stronger, if gold is really falls, I'll take the trade.Might be with even tighter SL
Mainly because of Engulfing on weekly TF. And because of lower low that it has made recently. And because of broken Head&Shoulder on 4H. And because of lowering volumes on the up-move. And because of the oil prices that are getting higher. DAX is falling as well by the way. And look at weekly trendline.
There is a three white soldiers on D3 chart + Engulfing on daily + we still have valid bullish butterfly on weekly TF. The momentum is showing clear up-move. The only thing that adds uncertainty is tomorrows news.
It fell rapidly from its 0.71 Sentiment Index shows 66% are buying It looks like the end of 4 wave Bat might turn to 2 type by the way. There are some buyers because volumes are still bigger on bullish candles.
Won't open it till monday opening though.
Look at weekly chart. I see strong impulse + inside bar (if this day closes at this price). On daily and 4h price is making a flag. Or the price is collecting orders, picking up the volumes, liqudity. For what? Keep an eye on it. It may shoot to the sky on day)
It's a small bat on 4h might be the first signal of a really big move down. Volumes increased on bearish candles. 4h and daily gives nice PA setups. I'm already shorting it.
Lowering volumes on the up-move + strong resistance. Need to see the market opening.
Because positive news for USD should strenghten the Dollar. It's just a matter of time
Isn't it too obvious to sell EU at 1.08? So of it crosses the 1.08 level, I'll buy. If it doesn't - then only I'll sell. Look at the beaty of the trend
Bearish Gartley on daily at respectable level Inside bars on 4h Lowering volumes on hourly I've put sell stop below the hourly channel. Will wait for some PA setups to sell.