looking for downtrend in gold
Top down Time Frame analysis mark down from 1 hour chart
Trend lines indicate down trend
If price breaks above ceiling in trend line to 200, will close trade and look for extension against structure
If price rejects at ceiling , looking for retracement to -27 extension on fibonacci
looking for price to fall below moving average
mark ups:
key level on 1 hour time frame
key level on 30 min time frame
Trend lines indicate down trend
If price breaks above ceiling in trend line to 200, will close trade and look for extension against structure
If price rejects at ceiling , looking for retracement to -27 extension on fibonacci
looking for price to fall below moving average
mark ups:
key level on 1 hour time frame
key level on 30 min time frame
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