Gold

And this just broke to the downside on the 15 min chart...lol.....moved fast as well....



I was hoping this would go up quickly and not down...guess the resistance is strong here...
Hopefully will try again soon....and break out

Gold has been a great trade due to corona virus,
On t(e 15 min chart there a flag pattern which is a continuation pattern and this is right near resistance so proper battle going on there.

Gold- trendlines




Gold with Fibonacci





When market sentiment turn's negative gold rises, when the market hits capitulation it falls!

Today gold has tested 50% fib from the January breakout, 1545 support around 61.8% fib then 1450

Gold has broken out...Looks like safety is the key going ahead

It didn't go all the way where i wanted to, it did equal legs and up she goes now as broken out of bull flag, targeting recent high at 1557 or even higher, long term target remains at 1700 so fingers crossed

There is H&S on gold atm with target at 1416 which is also next to 50% fin line of recent rally, 1530 target has been hit but long term there is another one at 1700. So this retracment can be a chance to go long again or like me gamble little bit and go short