buy above 1182 with targets 1198, 1208. alternative scenario : if we dont break 1182 look for further downside with targets 1160, 1155, 1148 This is not a trade call, just my idea.... trade with care
Comment
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Gold could not close above the trendline.... sell at market price or wait for the break out for more confirmation.
Comments
Oh_If_Only
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Your chart suggests a falling wedge. Normally these break out on the upside as the tightening coil builds kinetic energy.
For the record I am short - my chart is calling for $1100 in the medium term basis a HS reversal pattern, but ideally it needs a move back to $1200 to retest the neckline
before moving lower.
I like your trading model ... but I can't find the analysis for "hope" in the manual ... lol
Regards
Murray
FXPRO_TREND_TRADER
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@Oh_If_Only, agree with u... this is just a short term trade... ( intraday trade ).... in the long term its bearish as i have posted on my monthly chart. hope that helps
fitri.d14ny
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Hopefully, 1182 is a strongth resistant.
FXPRO_TREND_TRADER
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@fitri.d14ny, im short in long term... but u cant trust anything in market, hope it does go our way :)
For the record I am short - my chart is calling for $1100 in the medium term basis a HS reversal pattern, but ideally it needs a move back to $1200 to retest the neckline
before moving lower.
I like your trading model ... but I can't find the analysis for "hope" in the manual ... lol
Regards
Murray