Disliked{quote} thanks adam, that looks feasible. we'll have to wait to see it touch the TL to be sure. edit: by triangle theory we should be heading to 1350 round about nowIgnored
insideBars==boss
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Disliked{quote} thanks adam, that looks feasible. we'll have to wait to see it touch the TL to be sure. edit: by triangle theory we should be heading to 1350 round about nowIgnored
Disliked{quote} True that, but a descending triangle in a downtrend sometimes results in a break to the downside.. which is what I am thinking will happen here.Ignored
DislikedI think break or bounce from 1270 would decide the clear direction for gold. Bearish so far .. heading towards major support area {image}Ignored
DislikedBased on the descending triangle, wouldn't it be too early to go long now, wouldn't it want to get to the support level first normally which is around 1271/2? Then adamjn, why do you think it will reverse and go back to the 38% fibo level? currently based on my fibo, it sits just below the 23% level on the daily Good luck everybody {image}Ignored
DislikedGold doesn't seem to be interested in a pullback just yet. Maybe later in the US session. {image}Ignored
Disliked{quote} Hi Xtrade, out of education, why do you say it seems like a good buy now?Ignored
DislikedGold doesn't seem to be interested in a pullback just yet. Maybe later in the US session. {image}Ignored
Disliked{quote} Hi Xtrade, out of education, why do you say it seems like a good buy now?Ignored
Disliked{quote} maybe london session they need some pullback to RSI level 35-45. {image}Ignored
Disliked{quote} Hi KiwiOz, Based on your lines, do you mean pullback downward or upwards, because your lines are below the chart?Ignored