Price is currently testing this area of resistance before a potential pullback We are currently at a weekly support level so price is likely to reject off of this area before potentially continuing down
GU has failed to close below monthly support If we take a look at the daily chart we can see that price has made a lower low, however all price did was retest the previous area of resistance I am displaying the monthly chart as its alot easier to see whats happened Also the daily candle has broken back into support so we should be looking for rejections and...
From what I can see price has created a higher high and retested a level that had previously been broken We can now see price has broken back into its support level and is gearing up for a long Will wait for confirmation before placing this trade but If it plays out I will be taking it to resistance which is has been marked on the chart
Looks like we have a short opportunity coming up, will wait for confirmation before entry
Price broke back into structure for a retest and should be going long
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most...
Still long in my opinion Admittedly in my previous analysis it was a bit rushed and I failed to see where support was.. Price has now entered support and im waiting to see a retest before taking this long to 89.100
Looking at buys for XAUUSD, Price has formed a double bottom and made a bullish move to the upside with an regressive looking retest Lets wait for price to get into position before looking for a long opportunity
Price has broken above a resistance area and has now retested it, im expecting price to push higher into the monthly resistance area before looking for any short opportunities
Waiting for the break of structure, thought id clean up the chart a little bit
Waiting for retest as highlighted in the buy area
Waiting for the breakdown of this pullback