hey traders
look at the chart, gold still playing in a bullish parallel channel
blue lvls = long-term fib ext
yellow lvls = long-term dynamic lvls ( Pitchfan )
white lvls = long-term fib retracement
all these 3 lvls confirm this area for potential resistance area
as long we play below the dynamic and fibs in 4H n daily TF, we can expect the selling pressure to the marked area in the chart
what u think about Gold ?
share ur chart n leave a comment
look at the chart, gold still playing in a bullish parallel channel
blue lvls = long-term fib ext
yellow lvls = long-term dynamic lvls ( Pitchfan )
white lvls = long-term fib retracement
all these 3 lvls confirm this area for potential resistance area
as long we play below the dynamic and fibs in 4H n daily TF, we can expect the selling pressure to the marked area in the chart
what u think about Gold ?
share ur chart n leave a comment
Trade active:
entry 2358.403
Comment:
we gt the first rejection
Comment:
EMA 50-200 bearish cross will b one of the confirmation for brearish scenario n we dont have it yet
Comment:
this time we need 2 go below the area and candles need to stabilize below the EMAs, if it happen, the green area must turn to red, it will b one of the confirmations for the bearish scenario
Comment:
we got the bearish cross here
candles need to close below the channels n fib in 4H TF for next move
candles need to close below the channels n fib in 4H TF for next move
Comment:
Still valid and rejecting from the HTF
Comment:
Still rejection from the Higher TF, make sure u will protect ur profit
Make sure u will protect ur profite