So at the moment gold decided to shoot up past the 10% (1631.313) and right now its trying to use that as support if it does close above on the 4 hour i will switch to being a bull but if it doesn't then i will wait for a short entry
Bull entry:
1: 1631.313
Safe entry 2: wait for a pull back to 1629.537
Bears entry: only if it closes below 16313 either wait for a triple rejection at the 10% of (1632.567) for safe entry of can play aggressive at 1631.313
Entry 1:1631.313
Safe Entry 2: 1632.567
in my theory if it does close above the 10% i can see it running near 1640 before the weekly candle closes and the real drop will be next week cause that happens alot
Bull entry:
1: 1631.313
Safe entry 2: wait for a pull back to 1629.537
Bears entry: only if it closes below 16313 either wait for a triple rejection at the 10% of (1632.567) for safe entry of can play aggressive at 1631.313
Entry 1:1631.313
Safe Entry 2: 1632.567
in my theory if it does close above the 10% i can see it running near 1640 before the weekly candle closes and the real drop will be next week cause that happens alot
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im looking at the 50 ema also as a rejection/support
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closed under but im not touching it unless the hourly candle can close under 1629.537
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reason why is because its above th 20 ema i want it to close back under so i can wait till then
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green pickle