For now I'll flow with the the markets short gold ,most importantly wait for confirmation.weve broken below the major support ,that's no1 confirmation.A retest to the resistance area failure to break it short confirmed
Support gave up ,I'm expecting the new resistance level to hold firmly...That's my opinion trade with care
+ clear retest of the broken resistance
Expecting the weekly resistance to hold for now we are having a rally downwards to test the channels support level
Wait for the long setup to be done remember don't jump the gun
Failure to swing high go short TP when it creates a new low ,lower than the previous low.over all I'm expecting a breakout on the top side.
Bull continuation flag in play wait for setup to be confirmed
Bear flag in play ,failed to break above the major resistance.trade with care fam
I sold my life away.Failed to break the resistance
Long entry confirmed channel resistance couldn't hold TP on the major resistance
LONG TERM SHORT ,POSSIBLE NEW LOW
Pair broke out of the wedge on the down side now it's coming for retest failure to break through the channel Short
AJ IS COMPLETING THE BEAR CYCLE EXPECTING THE FALLING WEDGE SUPPORT TO HOLD.POSSIBLE BREAKOUT ON THE TOP SIDE TO TEST THE DAILY MAJOR SUPPORT LEVEL TURNED INTO RESISTANCE .WAITING FOR SETUP TO BE COMPLETE BEFORE ENTRY,TRADE WITH CARE
I'm expecting a market pull back before we continue going towards the long term (short) direction.I will wait for the pair to create a new HL then enter after a reversal confirmation TP when a new LL is created or near the monthly support
On the daily time frame we've already got the bullish reversal candlesticks pattern.H4 pair is on a falling wedge which is a bullion reversal pattern plus a topside breakout is expect.A new trend is bound to start trade with care
Critical support area is holding on nicely failure to break through that level long.strong support area & on H4 there's failure to break that level
BROKE OUT OF THE RESISTANCE NOW ITS COMING FOR A RETEST FAILURE TO BREAK IT LONG.EXPECTING THIS LEVEL TO HOLD AS OUR NEW SUPPORT. MY OPINION