Really like RIVN for upside at this level. Several rejections at this price as well as .618 golden zone to bounce off of. Will be watching $15 calls
Expecting a bounce off of this trend line and support to setup a reversal upward, targeting $100 calls for end of year.
Drop down for liquid grab before proceeding to 1720+
Update to my intra-day idea. Still long here although I expect some more down.
retrace completed & I think uptrend will continue up to (and past) 1681.
Potential for EURAUD drop to near 1.63 zone as it's done twice in the past after reaching this zone.
Confirmed uptrend, with imminent retrace this week, I think we'll grab more liquidity at 1650-1640 area for more upward continuation. See previous monthly outlook.
On monthly timeframe, gold has broken through & maintained the support at 1518, the monthly close looks extremely bullish for us to hit 1660 in the near future.
Longs around 120.150 back up to 121.xxx area.
Not personally trading just sharing analysis. Think it will continue in current downtrend after a retrace to the .50 line.
Entry around 1571.10; Tp1 around 1580, TP2 around 1584...no trade call just my analysis.
Tp around 109.285 - not a trade call just analysis