Gold popped our SL on the last chart - the technical analysis says alot more than the fundamental i believe gold will have to go down and mitigate a few orders before coming back up to the higher numbers such as 1900 which would be a very fundamental number IF we pass 1860 my SL would be around this area as it is a fundamental pivot point - i think we will be...
So oil has hit the intended TP and has continued to to bounce between the IC candles very well ( I have not been looking at the charts of the festive period so they are marked in yellow) but we are looking to bounce even higher the next tp will be around 83.9-84 and then we would obviously assume a pull back maybe to 81.5 then would look to hit TP 2 of around 85
we have had a bullish momentum after powells news this evening we hit 1824 but quickly come back down to 1803 previously 1795 due to sweeping liquidity a push to the upside and staying above 1820 could hit 1870 as there is IC candle there IF we go lower then 1785 we could see a massive push down to 1630
OIL has hit out first IC candle and a very very clean rejection
As last chart we was looking to retest local high - with a small mistake oil went down to 70.5 and then restested R1 73.5 and could reverse back up to 83 Without the small liquidity sweep oil has basically mirrored the predicition
oil has hit its low fo 71.5 this week and could look to retest the previous high
Oil today bounced back up just short of the weekly higher and high and has dropped over 5 dollars today we could potentially retest $74 and possible could bounce further to $70