I am expecting this breakout to be a fakeout. If price starts breaking lower timeframes lows it has potential to drop again.
We are bullish in general terms. So if price just broke structure to the upside and make a retest, I´m expecting to continue to next resistance
Posible retracement in gold. Price failed to break structure and rejected 61.8 fibonacci retracement. We are in a downtrend so I am expecting to continue dropping.
Price may reject support level at 1975. Very low risk and high reward. Last daily candle was bullish and we can see bullish continuation from this point.
Price still making lower highs so if it breaks last candle to the downside we can expect bearish continuation until the next support marked on yellow at least.
Price keeps making higher lows, and it looks like the double top pattern has no strength to go down so I just will wait for the break out to the upside. Always following the trend
Price rejected pretty strong en the last resistance and the overall trend is bearish so I am expecting a breakout of this next support.
Price made higher highs on lower timeframes. We can expect a rejection from this support targeting a new high.
Price rejected three times last resistance, failing to make a higher high so we can continue bearish movement once it breaks support.
Price is breaking highs, clear breakout just took buy stop targeting next resistance marked on yellow. Stops bellow previous candle. We follow the trend
We might see price drop once it reaches to the next resistance possibly making a huge downside move.
The moment price breaks those candles it has high probability to continue to the next resistance which is 1.08960. Price rejected support on the 4h timeframe as well
Price is rejecting 169.100 resistance level. Triple Top has formed making it posible to drop price down to 168.550. High probability and low risk always
Price is going to next relevant resistance, just rejected daily support a few hours ago
Price looks like it is respecting resistance heading to next support. Also is has formed triple top pattern in the 5 minute timeframe so now we have two confirmations.
Price just broke trendline, looking to get next resistance.
Price rejected multiple times 61.8 fib level which is a significant resistance. So once price breaks to the downside we should melt to 146.235 support
1. Price rejected daily support 2. Price just broke downtrend structure in the 5 minute timeframe