If we breakout if this flag, one more wave up targeting 50 GL!
Wait for breakout of triangle to take the short. Target 103 region also .786 on daily. GL!
Details on chart, if we reverse from this area.
Trend line has broken, neckline was just taken out. If we close below, bears will come.
This multi year bull run has showed us clear 5 beautiful impulses. Price at TOP of channel, and we are finally seeing some signs of exhaustion. A 3 waves pull back is expected back to 0.5 FIB at least where we can find prev structure too, not sure what's going to be the trigger, but be warned.
Rounded bottom, accumulation. Looks like a leading diagonal to me. If we find support here, this should bull. Could go for longs with tight stops. To be safe, wait for breakout retest.
We are at 0.5fib of entire up move, long once wedge is broken out. Details on chart! GL.
We had a breakout of its downtrend channel and a 50% retracement( channel retest), and falling wedge pattern spotted. Long on breakout. Details in chart! GL,
Gold looks over bought currently with bearish divergence on the RSI, we are two weeks away from FOMC, the break of this diagonal could signal a change in trend for the coming months. To be safe, wait for the break of this wedge and a bear flag to form before taking short positions. GL!
Good back at prev resistance level, and at impt fib area. I don't see gold going higher for now. Short with SL abv 1292.
Massive head and shoulders for gold. We broke the neckline today and did a retrace. The second break will give us a min target if 1234/5. I have fib level 2 as confluence of the first wave as well. Even though this may go lower, but let's see how price reacts then. Details on chart! GL, j.
Retracement of a 0.618, and an IHS.
I have .618 of recent drop clocked, classic head & shoulders pattern on gold daily, breakout of channel retest, RSI divergence and looks like daily gonna close red today. Once this black channel breaks on the lower TF, I expect gold to sell off pretty nasty. Short on bounces will SL abv 1265. Don't forget we have GDP data in tmr. GL, j.
We did a double bottom bounce @.886 and a retest of break out channel, if prices could breakout above 112.16 and clock a daily close, We should have a nice wave 3 impulse in play. For now, buy on dips. Invalidation below .886 levels.