It is an idea for short time target. Under 1313 two H1 candle will cancel target, even it can go under 1300... For me %70 up...
According to daily indicators 2. scenario should happen. According to 4 hours indicators, 1. scenario should happen. I take a risk to follow first one. go long at 1.4061, stop 1.4048, target 1 1.42588, target 2 1.4437, target 3. 1.48...
Hi, Let me explain what the chart says; From 1180 t0 1433, gann fans and fibo retracement shows 1306-1313 will push up as happens many times before. That's why, on friday it closed over gann fan 4/1. If gold pull down gann fans 4/1 and fibo %50, it will go to neckline 1270 ( this time 1285 or 1293 which support many times can not be against the strong formation...
My idea is firstly silver see 21.5 area then at least +4 ons/usd jump... If silver close below 23.15, there should be small retreat and then jump again to 25 area...
According to fibonanci Expansions, 1.38 area is end of the story ( for a short time). Now, we will see %50 retracement of moviment from 1.31 to 1.38 with 1.34600. Then it looks very nice opportunity to take a ticket for long. 1.42? 1.45? Lets see... By the way, as soon, German Unemployment rate may be %6.8, it makes 1.38 again, but no longer... With FOMC...
According to fibonanci Expansions, 1.38 area is end of the story ( for a short time). Now, we will see %50 retracement of moviment from 1.31 to 1.38 with 1.34600. Then it looks very nice opportunity to take a ticket for long. 1.42? 1.45? Lets see... By the way, as soon, German Unemployment rate may be %6.8, it makes 1.38 again, but no longer... With FOMC...
According to RSI and stochastic, it will test 0.852xx area which is fibonanci expansion %100 ( 0.95326 to 0.88492, then 0.92512). Now, it should fly firstly %76.4 expansion, break the channel and never stop flying till 0.90 - 0.92... Write it somewhere...
Tomorrow gold will start to drop 1270 area, then flying will start to go up in progressively, first 1420 then 1485 in this year...