price broke 1195.7 but daily candle not closed yet while i'm writing. 1195.7 was last daily higher low in the recent uptrend (in the mean time is the lower range of the last week candle). price is now below 5 and 10 MA on daily and it must stay there at the daily close. why need to have a lower high to confirm the downtrend running. i'll update as soon as chart...
approaching weekly descending channel, trend still intact but in a small pause. i'm looking for a break of the green channel to target 100 MA on daily chart. for possible alert area for a reverse look at price in the red square. note that 10MA on daily is still intact rii on 4h still above 50.
very risky day, that could be a suggestion. trade safely.
Gold is giving signs of a possible change on recent uptrend from beginning 2017. those are my two scenario. uncertainty at this point. trade with care.
waiting for a break up to 220 (red and orange lines) or down the red triangle direction 200 uptrend still valid. below 200 we enter the critical area for recent 15 day uptrend
gold still long in the red channel approaching descending channel look closely
as far as i see we are in a channel, looking at bigger tf (daily) i'm confident on a possible confirmation of trend CHANGE from BEAR TO BULL
trend is still up on daily, here the main possible targets in purple
maybe, but election running so...let's see. i'm long. small today, good risk management. be carefull
1h trendline + pivot as a radar focus on 2 directions and Target
if not broken directly by NFP data , 1.105/4 level could offer a bounce to EU till 1.116/7.
i'm still waiting an escape from violet recent gain triangle (VIOLET) then an escape from BLUE recent gan triangle. then BIG TF GANN LINE (BIG TF) at the moment only lower violet GAN is supporting, but price is struggling on upper one (VIOLET)