I think the chart is self explanatory. I'd like to add that gold is currently around the 0.618 fibs retracement from the strong bullish trend that happened between July and August. Looks like it's currently breaking the symmetric triangle and it's under a lot of pressure to move either way. Expect a big move over the next few days, the US elections should also...
Since the previous idea, the price broke through the descending trendline to perform a double top with the 1930 resistance from the 12/10/20. The price market came back down to retest the the trendline as a dynamic support now. There's already a sign of rejection on 1hr timeframe however we'll need to wait throughout the london and ny sessions for better...
Firstly, there's a symmetric triangle (2 white trend lines) which looks like it'll be broken soon. There's also a descending triangle that has been broken through, that red line became a resistance and formed an ascending triangle with the bottom trend line. Wait for a clear break towards the upside (breaking the 1920 mark swiftly)
UJ is currently breaking out this descending line, could be a false breakout or a retest of the trend line. Personally I believe it's a false breakout. A clear break out of the 107.00 mark should change the trend and bring back the ninja to the previous levels of 110.00-112.00 Resistance levels at the moment are: 106.00 (psychological level) 106.40/106.50 (50%...
As you can see a head and shoulders pattern formed on the 15 and 30 minutes timeframe. Let's wait for a clear break of that trendline and get those pips!