salvanost

salvanost Updated 

under 2358 the previous breakout will become a bulltrap or fake break-out it the same vibe as Ukraine war 2022 where gold dropped to the 1600 zone but right now the support on 2335 (a lot will see it as good zone) but beware the magnet zone on 2324

salvanost Updated 

2384 sl hunt target, 2373 MA support, 2367 bearish target MA suport based on 1H timeframe 4H need under 2352 retest for bearish signal long term Because 2373 = MA support, bull and bear will fight often near that area

salvanost Updated 

People often use by end of the year as time target, but its a mistake to use end of the year for highest target I can use 6month TF or 3 month TF for easy view In this chart I use 3 month TF The marked wick line = oktober november december candle You can see it not the highest performing candle during bullish trend It better in next candle which is January Feb...

salvanost Updated 

monitoring weekly 52k and 47k support it's all about same pattern but monthly not finished yet will bullish pattern IMO

salvanost Updated 

1. small beartrap on 2268 2. reversal and retest 2333 and 2359 3. resistance must be strong to drop to another lower low 4. lower low could be 2223 or 2168 after that will see 2391 and 2420 retest that retest will create signal to 2540-2560 like my previous chart

salvanost Updated 

no confirmation yet but it is safe to assume 2314 retest and 2348 resistance retest will happen The indicator spike up, going higher high same with the price makes me think it is a valid bear trap confirmation = need 2360-2378 retest and see if indicator keep going higher or make bearish divergence

salvanost Updated 

I will see it as a bear trap for now since 2312-2316 supposed to be resistance for bear that resistance becomes support again for bull now will we see 2360 Sl Hunt next week? since weekly momentum becomes bullish next week? monthly still doji, will see retest to 2312-2316 for early July as the red candle on monthly opening

salvanost Updated 

2 resistance 2330 and 2323 im implementing a way to see target for SL hunt which forming 5 support my old plan still same, like previous chart just add 5 support to monitor for now

salvanost Updated 

careful with bull trap 2366, upper target 2391 and 2421 1. bull hit 2371 or 2. bull trap 2366 reversal or 3. 2359 resistance (above 2361 bull for me, just watch out 2366 bearish divergence) 4. retest 2350 or 2343 or 2338 support

salvanost

upper target 2348-2350 and 2359-2361 while bottom got 2328, 2324 and 2321 with bottom (worse case) 2311

salvanost Updated 

not trade advice, I create this chart as reminder of my own theory sl hunt target gold too often create a double top and double bottom I see a pattern and try to backtest it 2328, 2324, 2321 previously I used it for 2306 and 2301

salvanost Updated 

if bullish 1. it will break 2324 resistance and retest 2334 2. after 2334, must not drop under 2326 3. strong support 2326-2329 will break 2334 resistance and hit 2348 first resistance

salvanost Updated 

12h momentum change again, from strong opinion under 2303 become monitoring resistance 2347 and 2386 resistance bear signal still same must go under 2303 support

salvanost Updated 

same concept with bullish break out 4h (I will post later) right now 1H bearish trend need to break 2327 support 1st to validate the bearish indicator it's not enough to make bottomed indicator while leaving a chance to reversal as bullish divergence later so hit under 2327 first before retrace up (or no retrace up due powerful 4h and 12h bearish spike and...

salvanost Updated 

2303 next support MA 50 broken, soon MA 55 broken too on 12H

salvanost Updated 

if bullish trend will draw triangle, because it still a valid bearish trend on daily I will show daily triangle later

salvanost Updated 

1. still no lower low, breaking 2300 = lower low start of long term bearish trend 2. If it is lower low then it will create lower high = say goodbye to 2700$ for a while 3. it just 1 candle signal on 1H , 12H and daily, wont show on weekly or monthly yet so I don't know would monthly 2700$ target win the battle or not

salvanost

With bullish divergence invalid, we will see a bearish trend continue next week to 2285$ This week problem There no structure as solid resistance So I can only speculate it will go to 2370 for now Note: If go to above 2370 then bearish trend might drop more to 2230 or 2180