Gold: 1236 will be hit twice or triple in the coming weeks
Traders,
Assume that market is going to give buyers opportunities now. But still need more powers to break the purple trendline first.
The rally on Friday is giving us some clues.
1. The lowest low is 1211.
2. Next resistance zone there for wave 1 up to is 1326.
3. Some sellers would probably try to short gold again around 1236 .On that case, it will make trendline still valid and buyers need to work on it again when price down close to 1211.
4. 1236 will be hit twice or triple in coming weeks.
5. 1260 is so far what we can as the highest high.
Trade what the market give you and alert your views like a sniper. Protect account with stop loss and try not to enter a trade if you dont have a great RR ratio .
Less is more!
Assume that market is going to give buyers opportunities now. But still need more powers to break the purple trendline first.
The rally on Friday is giving us some clues.
1. The lowest low is 1211.
2. Next resistance zone there for wave 1 up to is 1326.
3. Some sellers would probably try to short gold again around 1236 .On that case, it will make trendline still valid and buyers need to work on it again when price down close to 1211.
4. 1236 will be hit twice or triple in coming weeks.
5. 1260 is so far what we can as the highest high.
Trade what the market give you and alert your views like a sniper. Protect account with stop loss and try not to enter a trade if you dont have a great RR ratio .
Less is more!