pepe_trader007

pepe_trader007

Gold has reached a zone with previous resistance. Possible Short movement with 140 pips dorwnwards.

pepe_trader007

I see a short entrance for this pair. with a TP of 50 pips, at least initially.

pepe_trader007

After doing a Fibonacci valid retracement I see the price dropping as shown with the blue markers.

pepe_trader007

I foresee an upwards correction of the new bearish movement. Until reaching a valid Fibonacci retracement level for a subsequent down movement.

pepe_trader007

I see a downtrend for this pair in the coming days.

pepe_trader007

Hopefully, after correction the price will continue its bullish movement.

pepe_trader007

I´m waiting for a short movement

pepe_trader007

I expect a downward movement on this pair.

pepe_trader007

I expect a downtrend for the coming days. until a monthly level where the price may show a change on behavior.

pepe_trader007

I'm waiting for the price action to show an engulfing to enter a short position with a possible gain of 200 pips

pepe_trader007

This pair may drop down after multiple testing on the resistance level

pepe_trader007

After dropping for a few days the price reached a monthly level with a weak. There has been no valid pull back for such a down trend movement. A possible pull back for this pair can go up as high a 61.8% on the Fibonacci level on the daily structure.

pepe_trader007

After a clear downwards movement reaching a key level the price has no yet shown a valid pull back. This pull back can go high up to the Fibonacci level of 61.8% where there is confluence of precious key levels.

pepe_trader007

The price amy fund a support, yellow rectangle, to go up close to 11000 USD.