Looks like gold is heading for a retreat. Simple setup on horizontal clear resistance, in additions to bearish divergence on Fisher. The price action friday validated this resistance , as the price formed a shooting star candle.
Will be watching the lower time frames as i am Looking to short next week keep posted
Best Technician
تعليق
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Thanks for your comments guys, lets wait for final trade confirmation. lets extend our winning streak.
تعليق
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watching price around this resistance
تعليق
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No trade yet, no reason to go short for me without confirmation
@JoE, sorry i press the button by mistake i dont agree with this comment :D
rizmalik
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@rizmalik, I personally think gold was rising due to fundamentals and then fall back at the same level, it is currently in a neutral position you can have a head & shoulder on both sides. It also show a cypher pattern 3rd leg completed on 4H chart as well as it hit the resistance on 4H (moving towards 1270ish) but that is just my analysis you obviously don't have to follow it. fundamentally Trump got rid of a right wing activist which might support a bit to USD. seasonal support might be available for USD too. Gold also pushed up on korean war news which is now off the news all of a sudden. Fundamentally china & india are face to face now which might also push gold prices higher.
mpetlanl
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Freat analysid
bobbypips
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@JoE, Why make such a comment on somebody else's idea? Totally disrespectful. If your ideas the opposite post it!!!!
verovidi
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@JoE, i pressed they Botton buenas mistake. Igual don't like tour comment
verovidi
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Ir is by mistake....
VRShaiju
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@JoE, you are qualified for middle finger. Keep going.
Technician
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@VRShaiju, those are probably bitcoiners who do not like my bearish view on bitcoin. . You know how off mind the comment is as he says "As Usual" . and this comes after a winning streak for me. Lol. silliness at its best
VRShaiju
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@Technician, you are one of the most attacked analyst in TV in the year of 2015. Finding a trade is not easy as fishing in lake. But both required patient. 95 percent of the traders here wanted to an overnight millionaire. So we know what will be the end results. As an analyst and a trader, I found nothing wrong in your chart and trade setup. You have done extremely great job. These guys has to learn how to talk to fellow traders before opening a trade for themself. Well probably hate your followers number or top positions in trader's community. If that is their objective they are not traders. A trader only concern about their trade account and the risk they taken in each trade. You just keep posting. There are good readers here. Continue your great work.