After consolidation price drop aggressively which made us think of reversal, however we can see once it hit S&R zone , we got rejection, I assume that next play is a ride toward peak which was the strong resistant in the past. Some nice pips waiting to be catched. This is personal view , take the trade at your own risk. You might lose your capital following this idea!!
Price move in precision, first rejected at previous resistant highlight in red square, so we can take long toward the top , at the top we can set sell limit back toward that confluence S&R. Expect for 200 pips for both trades.
Hit previous structure expect bounce toward the top
Hit previous resistant , expect bounce toward the top
Still in bullish mode , correction to 618 and bounce
GOLD reach peak from previous supply which possibly give nice bearish move
Gold reached selling Zone on daily and double top formed while RSI shows divergent. I have shorted this pair when price created new low. Expect 200 pips down within 3 days.
If you look carefully on the chart we can see some interesting fact: Market move in upward channel Past resistant became support precisely Market hit extension 1.272 and retrace Market hit extension 1.618 and retrace I can take conclusion that next target is key level on FIBO which is coincident with even number and also an important level on the chart. If you...
Price at interesting level and at the top formed head and shoulder. We can take short trade toward previous resistant.
I can see divergent and price start to drop aggressively, waiting for pullback then will take short.
as shown on the chart, hit supply zone
It hit previous resistant and should move up soon
might get little retrace to EMA again before shooting up