GU to recover from May's Brexit remarks. Retest and form H&S then drop!
Days of holding this level!!! Like BIG BASE,waiting for the drop!
Dollar Index recovered last week from the so called "Trade War"... With North Korea seeking a treaty regarding their nuclear plans. USDx should continue its bullish run after forming a Bullish Bat which then turned into a Bullish Butterfly last week and trapping the sellers. Quick Harmonic lesson: Gartleys will be the first Harmonic signal for the reversal A...
So EUR/USD respected the daily trendline this week with a Bullish Bat on the 4HR TF. Will gold push the pair through the trendline and target the 1.2000 Level? We will have to see what Monday brings to the Market as the 200ema has 3 pins to the low on Friday.
Gold had a great bullish run last week, but by the forces of gravity "What goes up must come down".... With a Bearish Gartley firing off last week on the 4HR TF, we can start looking for the reversal. What we need is a confluence of triggers being the bearish gartley, retest of the daily trendline (3rd push is the strongest)... I'm expecting Gold to rise on Monday...
Going into this week, we can expect the Dollar index to fall lower around 88.50 area. Trump's "Trade War" will be used by Market Makers to set Anchor zones for the first quarter of 2018 and trap the sellers. Expect some Volatile movements on Wednesday with high impact news for Trade Goods. Short for the beginning of the week and expecting the reversal long on...