We can clearly see the weakening of the metal GOLD. This might be the area where major buyers are leaving the game due to the high risk of a downfall. We can see a possible rising wedge, thus means a brek downward. We will observe the Major points (4H chart), the best timeframe to look for possible rejections/reversals (1h chart), possible entry chart (1h chart).
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Probably bounce up. to retest the wedge, before the fall, may happen on the 1295 area.
Do you know that when the US eats shit gold goes higher? and you're telling me the US is in a good situation as we speak ? The gov shutdown is now the longest ever, the fed cut their rate hikes, the deal with China ain't getting done, Trump is imposing tarrifs on cars for the Eurozone, do I need to name a few more ?
Kristjantirn
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@ticostory1, So you are literally workin just on fundamentals? With no price action?
ticostory1
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dude , stop trying seriously and takes advices. Our trading group generates more than 500,000$ daily with only 10 people. Make your research
#Apex Paragon
- Youv drawn a symmetrical triangle pattern, which signals continuation of a pre-existing trend
- Pre-existing trend is bullish therefore should send it higher
Kristjantirn
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@JamesEvison, Yes, i hope we see it make higher. My analisis was just pointing at 1285 key level. The breakout might happen, but i am positive it wont. :)
ticostory1
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use some fundamentals
Kristjantirn
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@ticostory1, I mainly word on price action , which is best with stable markets. And yes, i did a post on gbpusd about brexit... i wont deny that fundamentals are not important, but price action never proves me wrong.
ticostory1
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bro.... learn to trade
Kristjantirn
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@ticostory1, WOW, what is happening with the market? that can't be true.. i need to learn to trade :/