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- pedro319 replied 10 hr ago
Overbought in the way...if it happens it will be very slow. On the M1 next target is 2562, W1 2516 matches D1. I am slightly inclined towards an abcd retracement before, because of overbought + fib extensions. I won't sell but expect 38.2 pullback ...
- pedro319 replied 10 hr ago
This is good area to take half profit. 2435.
- pedro319 replied 16 hr ago
Gold 2419 and 2400 for short term bounce.
- pedro319 replied 20 hr ago
We are bouncing off D1 levels so a 100 pip drop is ok, even in this slow motion fashion!
- pedro319 replied 20 hr ago
This is the time where the technicals may not help a lot estimating the moves. Best thing is to wait for a significant pullback before buying, also I will not try to short Gold, not once.
- pedro319 replied 20 hr ago
EU 1.0950 and 1.10 for now. .Possible challenge of 1.14 but I have to wait for monthly candle to close to add credence to this target. GU 1.2815 is very likely, if we break triangle on W1, then much more.
- pedro319 replied 20 hr ago
I have a good chance at bounce and moving stops from those levels in case what you say happens. In my system all timeframes are now officially bullish, ofc it does not mean much if price just collapses but it's an indication nevertheless. H4 inverse ...
- pedro319 replied 21 hr ago
It has a clear impact on investors perception of where Gold should be. I respect your opinion and I won't comment anymore on this. Have a good day!
- pedro319 replied 21 hr ago
I am looking to buy at 1.0786 and 1.0740. In the meantime do the same I have been doing... sell sell against those to resistances.
- pedro319 replied 21 hr ago
Iran has nothing to do with Gold, is what happens to Gold in case you have open conflict between Iran and Israel.
- pedro319 replied 21 hr ago
That is a big deal, market will be looking at succession and respective foreign policy stance if any...
- pedro319 replied 22 hr ago
I like the triangle, the Bfly fits in just nicely for a short.
- pedro319 replied 22 hr ago
EU Same. 1.0886 and 1.09 resistances. Can't see it going much further without a pullback. Gold Closest target 2473, price in overbought M1 and D1, not good enough to sell and dangerous to buy now. Waiting pullback. GU Looking to complete Bfly sell ...
- pedro319 replied May 17, 2024
All manual, I like the patterns to agree with resistance so for me it's not just about the pattern it's the combination.
- pedro319 replied May 17, 2024
GU D1 Bfly sell This pair is lagging to EU amd Gold. Next week good chance for a sell.
- pedro319 replied May 17, 2024
It depends on a number of things but generically 38.2 and 61.8 last swing, same tf.
- pedro319 replied May 17, 2024
Gold Bfly sell H1 H4
- pedro319 replied May 17, 2024
GU Possible nice support at 1.2630, see what you can do!!
- pedro319 replied May 17, 2024
It takes them 21 days to make 270 pips?? I can do that much faster! Enjoy your weekend.
- pedro319 replied May 17, 2024
Gold 2335 would be very nice for next long entry. Hopefully we will get it soon.