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BiteFX replied Nov 14, 2024BoS again. Only RSI overbought confirmation remaining. This Change of Character and Market Structure Shift is the heart of the market.
Gold
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BiteFX replied Nov 14, 2024The bias is now a sell. Price below daily open BoS Volume Trend lines Remains RSI oversold. You may add 50EMA if you like. But the trend lines do the very same work.
Gold
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BiteFX replied Nov 14, 2024Trend lines also giving more confluence. If that does it well, fine. But, I will like to wait for the last confirmation.
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BiteFX replied Nov 14, 2024There is a Break of Structure now, we can wait for the final confirmation...RSI oversold. Then find our entry.
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BiteFX replied Nov 14, 2024This is a trading community. So, I feel we should encourage ourselves. But mostly, a suggestion is usually taken south maybe because of the presentation. So, I said that to say, brother, the market has not given us any hint of selling yet. I suggest ...
Gold
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BiteFX replied Nov 14, 2024If one can understand what the market is saying here. Fib 4.236 is above daily open. If that TP is hit then the bias is changed from selling to buying. Short to Long Bear to Bull
VS 
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BiteFX replied Nov 14, 2024Final confirmation... RSI overbought condition. Buyers are yet to do that. I wait still.
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BiteFX replied Nov 14, 2024I will wait for a pull back or another set up that follows the market structure...Continuation or Break of Structure.
Gold
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BiteFX replied Nov 14, 2024Not yet man, it has to break the -0.618 Fibo at.2550.02. That is when I will start to buy..
Gold