Yet another very strong Daily close on Gold.
DOL is Thursdays high.
I want to see h1 bullish arrays respected to then look for M5 bullish displacement for long entry.
gold can 2-3 day range,zigzag (or little go down) then start wave 2 to fibo61% daily ( dont pick sell,it can go up directly too, gold is very trendy) only under red arrow i show on chart we can pick sell after sell pibar comes ok? (never open reverse position on gold without pinbar (1h-4h-daily) verfy
see AC indiator on daily chart ,it is green this mean 90%...
as predict yesterday gold break low and going down (dollar index going up to fibo 61%)
near 1744 after PINBAR comes on 1hour or 4hour or daily , or in 15min chart ,price break last upper trendline to up , i will pick buy to hold 4-5 day to 1840 area
SL=pinbar low or 10.00 (after +10.00 point profit,move sl to open price,let it go 4-5 day)
do.t forget...
i draw this chart according big banks , big funds analyse
40% possible = break low can start new down trend to red fibo 50% or fibo 61% (find red fibo in left side)
60% possible = break red trendline is 1st alert to start big + up trend , gold frist will try touch green fibo 61% near 1920 , if can break it , it is 2nd signal
advice = be careful from sell ,...
GUYS PLEASE READ MY COMMENT WORD BY WORD , DONT HURRY UP , i write secrets in my comments
for coming hour : my buy from low is still open (i move SL to open price i want hold it to 1920) if gold break 3 angel to down , after touch green arrow , we must wait OK verfy come ,then pick buy (OK= pinbar on high timeframe or last trendline break in 15min...
daily chart fibo 61% =1920 is gold target , if big news not come +gold break friday high (buystop place) we must see 1920 in coming week
bad scenario = if gold break friday low , can go downer , abive green arrow ,after OK comes , we must pick buy
ok= for verfy safe inter ,we must see pinbar in 1hour or 4hour or daily chart or in 15min chart , last...
gold all scenario = main trend on daily chart is + up , but AC indicator on daily chart going to red , this mean if high not break , gold must go down, can create downtrend (after trendline break we can pick very very low size sell ) (above green arrow we must buy, buylimit with SL under support or 10.00)
in other side , if gold break high, upper trend , we...
as i said before dollar index DXY must go down to 85 (gold to 2200)
if you chck gold open posation data , big company and banks increase buy on gold this week so 90% gd will fly
prnt.sc
if you have buy, dont close it before 20000$ and if you have sell put sl on today high (1923) if high breaks gold can go up , wild move witout pullback
ALWAYS CHECK...
