community
fibonacci
flagpattern
supportandresistance
trendanalysis
trendline
xauusd
xauusdshort
Less Tags
Show All Tags
All Types
Type
All Types
Indicators
Strategies
Libraries
All Accesses
Script access
All Accesses
Open
Protected
Invite-only
Public & Private
Privacy
Public & Private
Public
Private
pivotpointsandlevels
Less Tags
Show All Tags
So looking at the Fibonacci, we can see the support and resistance zones that we are trending between right now. There isn't much news coming up right now but next week there will be more - like unemployment claims and fed chair Powell speech. It would make sense that the price consolidates between 2600-2666 and then we eventually drop down to 2560 next week...
1
This is my first "Idea", so its more of a trial run of posting an idea. Basically, we've been climbing up the red trendline, and if the gold price can continue to do so, it will break resistance (of the ATH), and then climb for a new one. However, if the price closes below the trendline, we're likely to see a correction of some kind to the downside. But lets see.
2
0
0
0
Message
Follow
Following
Unfollow
12
0
0
Message
Follow
Following
Unfollow
9
0
0
Message
Follow
Following
Unfollow
13
0
0
Message
Follow
Following
Unfollow
1
0
2
Message
Follow
Following
Unfollow
1
0
0
Message
Follow
Following
Unfollow
Online
0
0
0
Message
Follow
Following
Unfollow
0
0
0
Message
Follow
Following
Unfollow
2
0
0
Message
Follow
Following
Unfollow
5
0
0
Message
Follow
Following
Unfollow
0
0
0
Message
Follow
Following
Unfollow
0
0
0
Message
Follow
Following
Unfollow
0
0
0
Message
Follow
Following
Unfollow
0
0
0
Message
Follow
Following
Unfollow
0
0
0
Message
Follow
Following
Unfollow
2
0
0
Message
Follow
Following
Unfollow
0
0
0
Message
Follow
Following
Unfollow
9
0
0
Message
Follow
Following
Unfollow
5
0
0
Message
Follow
Following
Unfollow
User follows nobody
Type
Script access
Privacy