Hello Everyone. i want share my idea about dols price prediction.
Last week week gold price action broke weekly trendline, which came to weekly Fibonacci LVL and stopped here, it coming into bullish demand zone but with my analysis it will be not enough for see good bullish movements. for trend change i would like to see brake daily support and after retest at the support short gold.
On higher timeframe which is 1D and 1W Gold is in uptrend. I am looking also dollar price action which came to pretty important point, from that point i am waiting big bearish movements of dollar ( i will link in this idea my price action of dollar)
My plan for next week is short i think it will retest 4h resistance and we will see then daily support retest.
For long term trade i will share my price analysis at 1W chart.
Be patient!!!
Last week week gold price action broke weekly trendline, which came to weekly Fibonacci LVL and stopped here, it coming into bullish demand zone but with my analysis it will be not enough for see good bullish movements. for trend change i would like to see brake daily support and after retest at the support short gold.
On higher timeframe which is 1D and 1W Gold is in uptrend. I am looking also dollar price action which came to pretty important point, from that point i am waiting big bearish movements of dollar ( i will link in this idea my price action of dollar)
My plan for next week is short i think it will retest 4h resistance and we will see then daily support retest.
For long term trade i will share my price analysis at 1W chart.
Be patient!!!
Trade active:
Short position open, it broke well Fibonacci last strong LVL and then retest it well. Good luck everyone.
