ryenc

ryenc

Expecting price to bounce for H1 Engulfing zone for longs to H4 Engulfing above. Expecting this trade to play out as a result of the FOMC Meeting Minutes today.

ryenc

Expecting gold to reverse from the daily engulfing fail zone refined down which could possibly be the low of the week, if not this set up is good for a minimum of 500 pips from the zone. This set up is valid as long as a H3 candle does not close below the H3 Engulfing zone annotated.

ryenc

Expecting sell off today from M15 engulfing sell zone in yellow and for this week's weekly candle to close bearish.

ryenc

We should have made this week's high yesterday just before CPI news so current outlook is bearish, expecting a retest of the H4 Engulfing before price continues to the downside to create a new weekly low.

ryenc

Price outlook for the rest of the week... Expecting gold to retest H4 EF @ 2,505.99, create new all time high, then break back into newly created H4 engulfing fail @ 2,531.77 at some point in the not too distant future to continue bullish.

ryenc

H4 EF to weekly sell side liquidity. M5 should touch parallel red lines and close outside of lines for trade to be valid.