Riding wedge
E_1917.55-20/19
SL_1930_25
T__1905/1989/1890-1878-68/55-50
Daily seemed to have formed a continuous pattern triangle but actually dine a fakeout at 1934 when it showed divergence on RSI. If this is an indication on strong levels 1930-38.18 we might see more downwards pressure that started in October 2022. The overall move is about 3000pointa(300pips). 2070-1725 this will happen once 1885 clearly breaks with an engulfed 🐻 candlestick. MN we see it topped thrice with a M formation. If it doesn't go up beyond 1985 I guess we have retested it at 1970. MN TF we can see an uptrend. The chart pattern that seems like a wedge can indicate a drop to 1600-1253. This will only happen when we break this lows at 1616. 1168-50 is another step for even lower entry almost something like btc ⛽. I assume if this happens US dollar will be at an all time high. For gold to continue we need to buy from 1970 and SL 1885-1935 become support firmly to see 2200 upwards MN hammer shows string rejection in three months so maybe we have further presented bears as stated to 1855/1725
. This is a description to extent of what the eye sees
SL_1930_25
T__1905/1989/1890-1878-68/55-50
Daily seemed to have formed a continuous pattern triangle but actually dine a fakeout at 1934 when it showed divergence on RSI. If this is an indication on strong levels 1930-38.18 we might see more downwards pressure that started in October 2022. The overall move is about 3000pointa(300pips). 2070-1725 this will happen once 1885 clearly breaks with an engulfed 🐻 candlestick. MN we see it topped thrice with a M formation. If it doesn't go up beyond 1985 I guess we have retested it at 1970. MN TF we can see an uptrend. The chart pattern that seems like a wedge can indicate a drop to 1600-1253. This will only happen when we break this lows at 1616. 1168-50 is another step for even lower entry almost something like btc ⛽. I assume if this happens US dollar will be at an all time high. For gold to continue we need to buy from 1970 and SL 1885-1935 become support firmly to see 2200 upwards MN hammer shows string rejection in three months so maybe we have further presented bears as stated to 1855/1725
. This is a description to extent of what the eye sees
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