Congratz those reference our call out last week from 1433 BUY till 1508 homerun with more than 700pips gain With the recently booming rocket price like 'no sky is the limit' ever since 1200 1300 1400 then ultimate 1500 price Making that obvious resistant region is near to undetectable
However bullish price action seems slowing down for now with last Friday and Thursday daily candle close Price need to first close below 1490 to confirm further downside With 1508 holding as resistant now *Setup will be invalidated if price closes above previous resistant/with todays strong hammer close
Support (TP point) looking at near 1480 1460 1430 Also Buyers point to re-entry
Traders/Investors are always advised to DYODD Do Your Own Due Diligence on our following analysis outlook. These are NOT trade BUY/SELL/HODL call out, but outlook to align my view of the market to your own trade analysis. These are merely based on our TA Technical Analysis , FA Fundamental Analysis and SA Strategy Analysis. We want everyone here to have a higher chance of making profit and minimize losses.
Trade closed: stop reached
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*Setup invalidated as price closes above previous resistant along with todays strong bullish daily close 1508 resistant now support
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What crash from 153x till 148x !! 500pips/50$ melted
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<3 How market play around with traders Testing how strong minded in traders Removing *Invalidated* now
Price tested 153x high triple wicks you will see the 'magic' (sept '11 till May '12) 1534 should be a good RR SELL test with min 20~50pips SL
GOLD weekly and daily candle not looking good for bull now (temporary) Price is hovering just below H4 ema Looking price to pull back soon at least till near daily ema
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1508 res breached again, looks to retest 153x or higher again what a roller coaster ride this week!