If Price comes down into the Purple box then be on the lookout for a BUY signal on smaller Time frame
This is a trade I am in now. Oil is overstocked. Prices could be heading down to $35 a barrel but that is still a way away.
Easy scalp on the retracement, before it continues downward. USD is rallying up to the Election and GBP is a shambles with the Brexit on goings and Lockdown levels increasing.
Big money chances on the way.. Keep watching!
Keep selling GOLD until the US Elections.
GBP should recover a little this week. Looking to catch a few pips here this week
Follow the news to see how low this will go.
We are looking for a BUY when price hits the Purple Box
Looking for a BUY in the Purple Box (Around 1.2790) Seems like the market is busy collecting Stop Losses for a BIG Upwards movement. Heading towards the "Golden" Fib zone. Strong Bullish Divergence forming on the 1hr chart.
Strong BUY opportunity now.
This could get messy.. We'll keep watching it.. Expecting it to Break UPWARDS but the Market always has surprises. Watching it closely in the next couple days. Lots happening here. including Divergence forming on the weekly chart. My gut says I think we could see it pop upwards to around 2100 before a massive plunge to between the 1500 to 1700 mark.
Gold is in the Fib "Golden Zone" on the Daily Big UP move coming. Entering between 1905-1910... S/L at 1850. TP at 2100