Long on gold, after final induction of sellers, back to the neck line of previous resistance. setting a tight stop and looking to take it back up past previous highs.
From Analysis of Gold, I am Looking For Bullish Momentum to pick up, there is strong rejection from 4 Hr trendline as well as support being held. next couple weeks looking for price to break up above 1800 price range. Next thing I am Looking for IS Bullish Price Action to confirm move.
Looking at the Chart we have reached a weekly key level zone marked in yellow. looking for price to continue falling and retest minor support level around 17. then looking for price action to the upside to enter in for the buy. and potentially form a cup and handle.
Right now GBpusd is at a key level liquidty zone established back in 2016. looking for price action to either continue bullish trend up, toward key resistence level 1.44500 dating back to orignal low. if we dont get bullish momentum i expect price to head towards trendline and then look for rejection back up towards the major resistence.
Expecting price action to continue to the zone and reject making a new higher high, and preparing to make a new higher low. or start the Reversal for a down trend.
