Bullish continue after retracement to FIB and structure
Support now retested and hold , I am long
as shown on the chart, it hit EMA coincide with resistant, yesterday made new low then pullback to resistant , time to short
Now the price in correction from the long bearish move, I would look at 0.88400 for selling opportunity
Price has been consolidating while we can see other JPY pair has been bullish. I am getting ready for the big move upside
The red area provided supply and lower high formed, time to get some short action
It react to daily previous resistant and act as support , we can see the bull move and then retrace. We can see by using FIBO that the target of this retracement is to achieve extension 1.618 which coincide to resistant on hourly chart. Entry at market or lower price preferably retest of 18.4247 Exit Target : 18.83000 Good Luck, this is a personal view, please...
Price hit important level on daily where price might be bullish again
After breaking daily resistant , gold seems in correction, I would expect one more bearish move followed by rejection around buy zone where we can start buying gold again. It would be 1:5 risk reward expectation if that scenario happen
As shown on the chart, after big bearish , market consolidate, I think it is ready for another bear move