TheWolfOfLongStreet

TheWolfOfLongStreet Updated 

See Chart for Confluence

TheWolfOfLongStreet Updated 

See Chart for Confluence

TheWolfOfLongStreet Updated 

See Chart for Confluence

TheWolfOfLongStreet Updated 

See Chart for Confluence

TheWolfOfLongStreet Updated 

See Chart for Confluences. Risky trade but confident we can reclaim lost pips. Will update on 4HR close. *Should say 0.705 no 0.618 in the upper right-sided box*

TheWolfOfLongStreet Updated 

See Chart for Confluences.

TheWolfOfLongStreet Updated 

See Chart for Confluences

TheWolfOfLongStreet

Confluence with TL, MA's and Fib levels suggest further downward movement for Gold

TheWolfOfLongStreet

Previous Support turned Resistance and 0.618 Fib Level means I took the short here, looking to TP at previous lows.

TheWolfOfLongStreet Updated 

I took profit at this level from the trade posted previously. Despite being at support on the Daily, the 382 fib reaction on the 4 Hour suggest further movement down and so I’m still bearish. This trade has strongly rejected the zone which lines up with previous resistance as well as the fib levels. As if posting this I now have good confirmation of a downward...

TheWolfOfLongStreet

Rejection off previous support and bullish pin bars could indicate a move back up to the 1.12 psychological level where there is also key resistance

TheWolfOfLongStreet

Reasons for entry: - Cross over of the 14 EMA above the 50 SMA - Trend Line Bounce suggesting Bullish Movement - Key Fibonacci Levels corresponding with the Trend Line

TheWolfOfLongStreet

Spike up against the previous down trend, already showing a reaction at key Fib levels, as well as the 14 EMA crossing above the 50 SMA