VasilyPonomarev
Long

GOLD: Thoughts and Technical Analysis

OANDA:XAUUSD   Gold Spot / U.S. Dollar

Though selling pressure is weakening right now
you should remember that technically the market is still trading below the recently broken level.

if you are on the buyers' side and expect growth, let the market return back above 1464 level and only then take action.

*please, like the idea and leave a comment, it really helps, thanks! :)
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Great chart
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That's good man
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@fra978, wow! where is the chart :)
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fra978 VasilyPonomarev
+1 Reply
MEGALO1 fra978
@fra978, Greetings MR fra978 most excellent chart, I don't have my decoder-ring to decipher your most informative chart analysis, but I do see fib. retracement batwings maybe some fib speed lines going on here. May I induce here what your chart here is telling me so I'll also speak in code, looking aHead at 1480 to 1500 which should drop hERe around the 1460's then the sky the limit. Thanks Megalo :-)
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fra978 MEGALO1
@MEGALO1, you're welcome ;)
I hope it will close at the D point
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@MEGALO1, haha, thanks for the decoding, Megalo ahah
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What do you think about gold?
Share your thoughts and ideas here!
+1 Reply
MEGALO1 VasilyPonomarev
@VasilyPonomarev, Good morning master Vasily I really liked your vid & gold charts very clean and orderly charts. I'm glad your using both time frames good for day and swing traders such as my self. It is always good to approach a particular puzzle or analogy forecast with different time frames and strategies so one does not get to close to subject or to far-away or even led astray. Sounds like poetry? Hopefully you get what I'm trying to convey. I stand corrected on stating batwings or not good for (prime metals) as @fra976 has demonstrated right here on your Blog site please review his perfect chart analysis and my comment and perspective on his wonderful chart with a different time frame as yours. There is a lot of food for thought here with @fra978 chart analysis and my comments to expound upon what he @fra978 is conveying.
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