Expect a continued push down to L of month TP 1 1266. 100+ pip target. Strong bullish trendline holding at 1276.80-1277.2. Small retracment (upper wick) on weekly to 38.3 fib 1280 zone, 50% of previous daily candle. Break and close above will make the analysis invalid and push gold bullish. Close below will follow analysis. DO NOT PREDIT, REACT. EDUCATIONAL PURPOSES ONLY.
Clear retest and bearish continuation to 142.000 DO NOT PREDICT,REACT!!!
Push back up to 110.500 area. Consolidate on 50% of major candle and then continue bearish overall. Possibly might take 2 weeks. DO NOT PREDICT, REACT !!!
Sells Bias for the upcoming week. Monthly needs to fill that current wick, 50ema push. Weekly and Daily showing hard rejection off of trendline. Sells back down to 1278 TP 1, TP 2 1268 TP 3 1250.
Previous week, sells were forced within news. Possibly look for a pullback off of 111.000 psych lvl . then continue push through to 110.000 area. If there is major rejections off of 111.000 then a very high possibility it will continue bullish to 112.000-112.100 zone. REMEMBER DONT PREDICT... REACT!
expecting a push up to create a upper wick on the new monthly candle. Exhaustion from sellers and a push from buyers looks very evident after previous nfp week. Dropping down to weekly we can see multiple rejections and lower wick indicating sellers losing control. A pullback to 1292 area is most significant for the upcoming week.. possibly a stronger push and...
bullish to 74.750-75.000 then crash down bearish to 23.6 fib 73.700 area.