XAU/USD / H2 : are bulls really wrong footed ?

10 de jul. de 2017

This quick analysis asks a good question... Do we really have a bear trend on gold 0.05% and other metals or is this just a stop hunt ?
I would plead for the second option because the peak showed not a single sign of reversal signal... It sure tried to chase -0.43% the bulls stops by 'wrong footing' them.. but I'm not really sure about the real conviction here..
I still have no viable signal for now.. but it Sinewave somehow confirms me the end of the bear trend in the near future... I'll sure give it a nice call ;)

Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators

21 de jul. de 2017

Nota

First TP realized today after an entry on the wedge breakout +360pips. I keep 25% running for the swing scenario and will watch out for further reinforcments if price confirms. We finally didn't make a final bear push and my intuition about a bear trap feels now valid. Price still need to hold the break up of 1250 in order to fully activate the background scenario on the higher timeframes.