Bearish channel will form, Just wait ;)
Interesting day this Friday. But fear not, it's simply come to the end of the structure, which funny enough was when a small pullback is due. This means it has now finished its structure and is awaiting to form a new one. Due to the bullish nature, and the levels of support, we can expect no more than a small drop before a rally to 1780. Hold strong, Hedge if needed.
After a big sell-off. Long term gold is bullish, expect new highs. Gold not to timescale, but expect within the next 6months
Retrace to First/ second fib level
Bullish Fib extension
Initial retrace complete. Gold ranging reached a new higher bottom in the stable climb. Now is a good time for a long for a day trade/scalp. No retrace due so a good Long haul entry too.
Bearish downtrend. Mini double bottom.
Retrace has already happened. New higher low already established. Small range, but will have to break soon. Market is bullish, so expect new higher low or breakout.
Overall uptrend. Lover level bounce. Does it hit top level? Your thoughts?
Lots of recent instability due to Iran tensions. We had our peak in the 1600s, we've had our main retrace, wether bottom is 1555 is unknown yet, but will not deviate from than any more than 10-15 pips. But with risk management, long is available. What do you think of the idea?
Gradual long term uptrend. Within the uptrend, we see three retraces and two breakouts. To make it an equal three retraces and three breakouts, there must be an overall rise in gold value to the 1560 level by Feb. Just an idea? What do you think of it?