Here on my analysis we can see a Stoch oscillator, the Stoch is very clearly indicating an oversold signal, we also have a Inverted Hammer candlestick which occurred at a significant price level, in this trade the aim is to catch the retracement before price could possible return into a downtrend or breakthrough the previous support level then we would be looking...
This analysis was created by Edward ZaLooti when he was in his prime, it features a 99.9% success rate. Only professionals know about this so if you don't recognise this then you need to educate yourself on the history of the foreign gambling market.
price action + MACD crossover + trendline resistance = short :)
This is a simple analysis that I've put together for Gold, price is rejecting at key level where price rejected a few days ago and we are are also currently at trend line resistance. The MACD Indicator is also very close together and looks as if a crossover is going to take place but this we cannot predict. I'm expecting gold to drop down to around the 1290.00...
Here on my chart we can see an uptrend & price reacting off a strong price level. From the Fib Retracement drawn we can see price reacting off of the 0.382 Level which is a strong buy level in this case.
DXY Is slowly going into a downtrend, here on my analysis we can see a price level that was previous resistance and is now acting as support. I also think we may see a Head & Shoulders pattern forming and price rising as far as 1315.50 or perhaps turn around at 1302.95 and go back into a downtrend.
Rejection at trendline resistance, MACD crossover indication a bear trend, expecting a downfall to the 0.941 area.
Gold broke trendline, will continue to drop down to support at 1304.00 hopefully. THIS IS NOT A TRADING CALL, ONLY AN IDEA