Reitak

Reitak Updated 

This is mix of my previous charts + forecast about next moves. 1. We was in symmetrical triangle (dotted lines) with breakout bottom and headed up 2. On up way we have 2 big indicators Inverse Head and shoulder (red arrows) and cup and handle (cyan). All this 2 I post on previous chart and going well. But as you see, we are on necklace area, so depend if break...

Reitak

I think we will have some gap up on gold, but not much and way down to 1192-1195 what is top line of downtrend. Then will see if break down to 1183 or back up to green consolidation area 1208-1218 where I see its a sell area. This friday Powell speech could be temporary and gold is weak commodity and overal is SOER. If it break green area then 1236 - 1244 can be...

Reitak Updated 

what if we have this scenario, cup and handle forming and we will see big up move to 1.175

Reitak Updated 

on current market i see possible rising wedge with top 1.162-1.163 then fall down 200-300 pips. bottom of this is 1.153 , under not valid and headed down

Reitak

on current market move i see possible rising wedge forming with max 1.162-1.163 then fall down. bottom is 1.153 under no valid.

Reitak

i see on current chart forming rising wedge with max up to 1.162-1.163 then fall down. but its only idea, not real now, need more pips for that.

Reitak Updated 

We have possible Inverted H&S. We hit daily bottom from 6.8. If we go under 1.153 then fall down to 1.13 . If 1.153 hold, then up to 1.162-3 and then will see what next. If break necklace then we have H&S and up 200 pips. So now if you want buy, then SL under 1.153. But dont sell now, wait for break. www.facebook.com

Reitak Updated 

On cmp headed up to 1.160 , extension can be 1.162 . Bottom support area is for now really strong. On both numbers expect big fall at least 300 pips to 1.132+- . SOER active. Group : www.facebook.com