Gold is facing heavy selling pressure. If you know how to count waves, you should clearly notice the 9 waves up from 4 hour charts. Plan 1: selling range from my chart Plan 2: if Gold breaks up, but cannot rip through 1850, still short Target range: 1800, 1780, 1760-1750.. Good luck!
on Gold Swap 30 mins chart, we see a newly formed head and shoulder, as price breaks out from the seller pressure 1820, it will head to 1830 area. Look out for the long opportunity. Market price BUY!
For the past week, the consolidation has made it clear that if Gold choose to break up, the 1800 neighborhood WILL NOT HOLD. I put my bet on the long as this week passes by. You can see my logic from the chart. Plan B: if gold chooses to break down, a breakout trade shall be in place.
Since the dread drop on previous Monday, we see buyers are pushing the price again towards the 1800 neighborhood. Longs, don't laugh just yet. Is last Monday the start of the bulling trend? My idea is, towards the 1790-1800, the selling presures are building up from the profit taking buyers, and the sellers. From the wave and Tech analysis, we are this should...
Let's watch the price action in the boxed area. Once its given proper price action: Enter your short: 1278 Stop Loss: 1280-1281 Take Profit: 1268
DXY has formed a double top and anticipationg a deeper retracement. I have pointed out two potential reversal points, we shall see how the market responds to each one. Potential targets were also given in the chart.
For those who bought ETHUSD at an unfortunate pricing, the good news is the long timing has finally come. Let's see where it will take us this time. Many Pips ahead!
wait for pull back to long. Target 67.5
After broken the previous channel, the DXY has yet made a corrrection until now. Now the correction has reached 61.8% of its previous level. Its time to long the dollar! Position recommended: EURUSD USDCAD Many pips ahead!!!
Gold is correctiong, short the pullback from lower channel.
The EURUSD is correcting. Our trading plan hasn't yet changed. Short the pullback!
Advise to divide your entry orders.
Gold has reached the Harmonic Pattern point D, we took profits and closed our shorts. Waiting for it to pull back to 1223 before shorting it again. Stop loss at 1235
4 hour chart is showing potential reversal signal. My gut is telling me that we will see where it goes this week.
Long the pull back around 1.30. Reasons: Harmonic patterns+trend break up Let me know how it runs!
EURUSD broke down the triangle. We would like to see some pull back before shorting it. We might see EUR reaching the D point of the Gartley on 4 hour chart, so entering with caution. WIll pay close attention to the DXY today.
USOil is in range bounching between 70-66. At 69.60, there is potential supply zone, which will be a good place to short, and it is also 786 of recent downtrent. Let's see how it goes!
We are almost at the 61.8% on weekly chart. When do we want to buy? I would like to see price action at the 61.8% before entering long orders. Let's see how it goes.