GOLD - Broken flag

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After we tried to play the bounce , now I'm back to the original idea.
The daily cycle decline can but almost never lasts for only 2 days.

After the 2 red candles what was printed last Thursday and Friday the decline slowed down but not finished yet.

The next target where the daily cycle low can be printed is at the 38,2% FIB retracement (1829$) or at 1850$ where the 50 SMA runs.

We have 3-4 days for this to play out.

Time window: 70-90 hours
Ghi chú
Fantastic how the trendline is working. Many people are watching this flag now.
ảnh chụp nhanh
Ghi chú
ảnh chụp nhanh
Ghi chú
Broken flag
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Ghi chú
Monday’s candle low is at 1860.76 that will be taken out by the close of today.
ảnh chụp nhanh
Ghi chú
On the daily chart, we might get the tag of the 50 SMA by the close:
ảnh chụp nhanh
Ghi chú
1860.76 is taken out:
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Ghi chú
50 SMA tagged this morning:
ảnh chụp nhanh
Ghi chú
Backtest of the flag:
ảnh chụp nhanh
… and the 50SMA
Ghi chú
Textbook movement…
Ghi chú
I’m waiting for this final movement in this daily decline. Hopefully we get it today and I can go into the weekend without position.
ảnh chụp nhanh
Ghi chú
Where the green range is coming from someone just asked:
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Ghi chú
Green range origin on the daily
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Ghi chú
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Waiting for this final drop.
Giao dịch được đóng thủ công
ảnh chụp nhanh
Cause this trade at 1860.
Ghi chú
I have a feeling we are going to print the DCL right here at the 50 SMA.
ảnh chụp nhanh
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