Hi, everyone, glad to have a chance to share my ideas with you guys again.
Let's see how Gold chart is like and what's favorable trade.
We can see
1. 1680 ~ 2070 box pattern and the price is heading to bottom
2. Short-term descending channel
3. Middle of box pattern price is around 1875
We should check
1. ISM Manufacturing PMI
2. Nonfarm Payrolls
We can expect
1. the price reaches on the bottom of box pattern, this is our first chance to buy.
2. after support on 1680, if the price reaches the top of descending channel, this will be first chance to sell.
3. the second chance to sell on 1875 if the price break the resistance of descending channel.
Even if the short-term descending channel is getting more power, the bottom of box pattern won't be broken easily.
I give more posibility for Long at the bottm line of box pattern.
Thanks for reading, and hope this insight is helpful. Let's see how it works.
Let's see how Gold chart is like and what's favorable trade.
We can see
1. 1680 ~ 2070 box pattern and the price is heading to bottom
2. Short-term descending channel
3. Middle of box pattern price is around 1875
We should check
1. ISM Manufacturing PMI
2. Nonfarm Payrolls
We can expect
1. the price reaches on the bottom of box pattern, this is our first chance to buy.
2. after support on 1680, if the price reaches the top of descending channel, this will be first chance to sell.
3. the second chance to sell on 1875 if the price break the resistance of descending channel.
Even if the short-term descending channel is getting more power, the bottom of box pattern won't be broken easily.
I give more posibility for Long at the bottm line of box pattern.
Thanks for reading, and hope this insight is helpful. Let's see how it works.
