Thursday impacted by FOMC. It's the breaking the new records @usd2222. However It's appeared long wick doji candle at daily time frame. It's told the long term will be paused. Friday still under usd2185 running,closed at usd2165. RSI indicated divergent at daily time frame. If the price still drop down below the usd2147. The double top was cfmed. It's neckline...
Gold breakout the trend line. it's matched with my analysis. next target 2100
Gold It's appeared doji candle on Feb.14.2024. Fm 1984 to 2034, fibo 0.618=2015 Last night retested. after retested it's upwards 2041 non-stop. And Daily time frame closed at 2035. So the uptrend still on going. Next week still need to buy on the low.
I prefer DXY rejected and going down. But it will be FOMC next week. It's hard to predicted. Be patient. waiting for further movement.
The Doji appeared on Feb14.2024 at daily chart. It might be continued to push up. Due to wide consolidation, it's still considered range not trend. The risk must be in mind. It's myself advice.Thanks
long term flag pattern break out. Awaiting for retracement, then buy for long. Target was adviced.
Waiting the wedge pattern break out, then follow the trend. It's consolidated almost 2 days.
Gold tried 3times to break out 1980, however It's failed. Up to now It becomes range consolidation 1980-1940. There's no direction appeared. Be patient, waiting for opportunity
Above 1960 support Next week still need to buy. Tp1 1980 Tp2 2000
Next target 1980 Once achieved 1980. Please open short term sell TP1960
As gold 4h head & shoulder pattern appeared. the trend line support for last deep drop at 1893. 4H RSI appeared convergence. It might break out 1930 resistance, then retest 1930. We can doe long term. Tp1 1950, Tp2 1980