price has been creating nice downtrend structure but we reached a support where price previously had a bullish run after ranging. Sells below would be valid till my targets, however we could enter buys targeting the previous highs with a bigger range as price starts to break above the range.
Price has been down trending but failed to break a level, came back to retest and failed to break it a second time, double bottom formed and high possibility of price going bullish .
gold is in a weekly down trend my thought is that it came back up to retouch a previous key area and is now clear to look for bearish momentum to the downside and possibly to the previous low, looking to swing a trade past the previous supports.
Buildup trading opportunity as price has been creating a buildup and ranging throughout Asia session near a HTF resistance zone, waiting for price to come back down to a minor support to get the best entry. Trade idea is dead is price falls below and continues to push below that minor zone.
Price has been bouncing in a ascending channel, amazing opportunity to look for shorts once you get a price break and close below the channel (two TP levels at 1.17600 & 1.1700). Or a buy looking into the smaller time frame for closing bullish candles, taking the TP to 1.1900, possibly reaching it during London session volatility & New York open. Could be closing...
Price has reached a clear area of previous resistance where it failed to go above, more rejections to the same zone and uptrend seems to be coming to an end, price is clearly exhausted after a 163 pip uptrend and is falling down possibly to the next previous key area of value. Profits will be taken halfway through the trade at a possible area of conflict and stop...
price has been ranging in a side channel on the weekly time frame, moving into the 30 min and 15 min time frame you see price moving bullish in what looks like its going to break the days high and continue heading to the previous high in a bullish trend.
