faisal-101

as it seems a quite bearish trend, the metal has just marked its 3rd LH, so the main thing is that will it continue its bearish trend and if it does that traders should add short positions and for that I have also opened short position although decent RR can be achieved on shorter TFs. The next possible LL has been calculated by the avg of last two

currently the price has broken the bearish trendline, and now it is retracing. an important thing to look at is whether it can sustain itself after completing its retracement. That level has also been drawn. If it fulfills its conditions to enter into a bull run then decent RR can be achieved on multiple TFs

With bearish divergence on daily TF, there is a possibility that the price can fall in the area between the 2738-2682 range, and in that region, we can also see a support level, which is a good thing as the price is following our AB=CD pattern and before hitting the target of that pattern which is 3070 there is opportunity for us to add more positions

the chart clearly shows that the price respected the cup & handle pattern by breaking the handle quite strongly price projection has also been marked, right now the price is in range with bearish divergence moreover yellow trendline acting as resistance for some time and to break that it is good for BTC to be in range for some time

A couple of confluences indicate that Gold will continue its bullish rally. First and most important is an overall trend quite bullish yet showing no signs of a proper reversal trend. Moreover, we can also see the pattern of AB=CD, and the values of this pattern are according to the standard which means that if "C" retracement happens at .5 then the projection of "BC=2" and in our case these conditions have been met. Right now price is almost touching the last HH of 2791.64 and in this scenario, we can see some healthy retracement or maybe bearish divergence which will push the price downwards and then surpass the last HH.

with bearish divergence, the price is currently retracing which is a healthy sign for a bullish rally. Right now the price is almost kissing .5 Fib so instant buy or weight for the price to retrace a bit more for a better entry. By applying Fib I have marked the buy limit order with stop loss.

if the price breaks the triangle in an upward direction, it comes back for a retest and will be a strong indication of the bullish rally. Moreover, the price has not broken the last HL which is a good sign that it is still in an uptrend

currently, it can be seen on the chart that gold is facing resistance at 2665.78 and its been twice that it got a rejection with a strong downward movement but gets a decent bounce on the drawn trendline which acts as support. Once the price breaks the marked resistance level, move upwards and then comes back to retest it then it will be a strong indication of bullish movement

as can be seen, the coin has just completed the price projection of a bullish flag pattern and after that, with a bearish divergence the price is coming downwards there we can find our trade for buy once it touches the trendline because it is respecting that quite nicely

as the coin is simply following Dow theory by making HHs and HLs and it can be seen on the chart that after making a new high it makes a new HL near the drawn trendline so to grab the opportunity wait for the price to come down and as it will make new HL we can enter in the trade