2704 1H PLAN on GOLD, SELL to 1759 and quick reveiw of GOLD
Hello traders,
Lets go through a quick review of GOLD now. Last video we expected GOLD to pull back after making 5th wave of the grand super 5th wave by being rejected from the 1H pressure line. And we did open a selling order by that idea too which hit TP1 now and floating profit with 160 pips. And target 2 almost hit but did not . I hope you guys make a good trade on GOLD too.
This is a week with FOMC event on US Wednesday. You should not ignore that and make sure keeping your account in a safe position or size or just stay away till after FOMC event. That would be a smart choice.
But for us and for this 1h plan here, I have to update idea on GOLD before FOMC on 1h chart.
The 4h broken trend line is still valid. Gold made a try last Friday by retesting it but failed and made a 2nd RSI DIV which is a hidden one. Gold is now still be pressured from the lower 4h resistance zone and on 1h chart, it could go down alone with average band to next support zone or using FIBO extension we have 1.27-1.414 position as targets for selling orders.
Good luck on this 1H chart selling plan.
LESS IS MORE!
Lets go through a quick review of GOLD now. Last video we expected GOLD to pull back after making 5th wave of the grand super 5th wave by being rejected from the 1H pressure line. And we did open a selling order by that idea too which hit TP1 now and floating profit with 160 pips. And target 2 almost hit but did not . I hope you guys make a good trade on GOLD too.
This is a week with FOMC event on US Wednesday. You should not ignore that and make sure keeping your account in a safe position or size or just stay away till after FOMC event. That would be a smart choice.
But for us and for this 1h plan here, I have to update idea on GOLD before FOMC on 1h chart.
The 4h broken trend line is still valid. Gold made a try last Friday by retesting it but failed and made a 2nd RSI DIV which is a hidden one. Gold is now still be pressured from the lower 4h resistance zone and on 1h chart, it could go down alone with average band to next support zone or using FIBO extension we have 1.27-1.414 position as targets for selling orders.
Good luck on this 1H chart selling plan.
LESS IS MORE!
