wait a pull back on the two zone in support for buy with a signal on H4 time frame.
a double bottom in construction on gold
three area where the GOLD can react
a big trendline has been tested friday, if mondays breaks then the price can go on supports below, but the price can rebound violently
wait for a consolidation on 38,2 fibo for buy AUDUSD, a good probability to go to gold number 61,8 fibo.
we can see that all the fibo levels works very well and gives us important supports and levels
there are two scenario for gold currently,
- a bullish scenario with a breakout of the big bearish trendline (somes resistances has to break before)
- the same scenario for sellers with big bullish trendline and a rally to 1451
symmetrical triangle and in a bullish trend, currently the price consolidate, we are waiting for a breakout on the indicator to enter buyer.
sell signal on gold with RSI, the price can go back on the trendline
breakout of the trendline on the indicator and wait for breakout on the chart
wait RSI breakout of 50 level, many support and resistance and a bearish channel to break from the top.
in bullish trend with the 89 and 144 EMA
we see one resistance and a trendline to break after we have two strong support
wait for a bearish signal for a entry.
actually in bullish trend there is one trendline in resistance and a resistance to 0,68133, a support to 0,56913, RSI is one the 50 level wait for a reaction
divergence H1, wait for a confirmation
good bearish trendline, divergence on RSI, two area in resistance.
three area of potential buy and the RSI approach the 50
the exit of symmetrical triangle,we brought back the objective which matches with the extension 2.618 of the first bullish leg.
wait for 50% retracement of the bullish leg
buy at the price with a stop loss below the lowest, currently in a symmetrical triangle an exit from the top would be possible ...