gold pulled back from D but pushed down at 1400 and still under bearish pressure IMHO.
For additional infos about Gold please refer to the related ideas linked at the end of this post.
Thank you for your support and for sharing your ideas.
Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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I've amended the vertical line to be at 16:00 instead of at 14:00
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just a though: hopes for a rate cut may find their explanation in the fact that otherwise is harder for USD to compete with rest of the World.
@OzkayaOzkaya, the move was the pullback...now i don't know
cozzamara
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@OzkayaOzkaya, i m listening live streaming to Powell testimony...pullback stopped at 1412 just below NFP
DetectivePikachu
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But it also can be a bear trap. If it the handle passes more than the 50% mark = most likely it's going back to the soc. You can say this to a bear trap too.
cozzamara
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@MrDivine, absolutely. I share your view for a bear trap. Need to be ready for any outcome. tx
@cozzamara, I'm kinda stuck but im expecting this to happen.
cozzamara
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@MrDivine, your post is full of very interesting ideas from which you could have already made a lot of profits (and maybe you did, I hope 4 u, lol). Your target at 1480 is too far away for my horizons. I simply don't know. All I know is that 1440 was a key level which finds its very simple explanation in the way the Cup & Handle pattern unfold. Have a look at the explanation provided by Investopedia in respect of Cup & Handle patterns. Otherwise review this post of mine which contains a lot of infos too. Tx for following and for sharing your ideas.
DetectivePikachu
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@cozzamara, Yeah, I've been peeling off contracts. Cup & Handle, I use it for RTY mostly.