( still waiting for smaller price pattern setup) week17 XAUUSD pending wr4B


Bears were euphoric yesterday but towards closing of the day price rebounded and yesterday price almost completed a WR4B.
Decent support coming from connecting w1 line chart pivots.

week17 xauusd d1 line chart pending wr4b 250414


However my personal preference for the penultimate support will be 1227-1240.
It may or may not come, so my mind needs to be flexible.
Note that the 10 year trend line still hold.

week17 XAUUSD Mn trendline still holding 250414


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s