1- Price has completed its downturn at the fibo level 0.5(0.52 actually) and now it is preparing to heading up again. There is a huge possibility to creating a head and shoulder pattern. Also bearish flag pattern is broken too, so we are in still bullish zone.
2- We've got a strong resistance between 1718-1722 but for any case i have setted my S/L to 1717 and 1715 can be considerable.
3- Funamentally, gold still has enough resons to go up and today new economic datas will be released too. Can we expect good news about that datas? Yeah I don't think so.
If you like the idea please hit the like button to support :)
Disclaimer: I am just expressing my opinion, i don't accept any responsibility about the trade u will do using this idea. Use your ideas and analysis allways while you trade.
2- We've got a strong resistance between 1718-1722 but for any case i have setted my S/L to 1717 and 1715 can be considerable.
3- Funamentally, gold still has enough resons to go up and today new economic datas will be released too. Can we expect good news about that datas? Yeah I don't think so.
If you like the idea please hit the like button to support :)
Disclaimer: I am just expressing my opinion, i don't accept any responsibility about the trade u will do using this idea. Use your ideas and analysis allways while you trade.
Trade active:
S/L extended to 1715 and re-entered the orders between 1715-1722
Comment:
We have got 233 EMA which is didn't breaked this year(except during covid-19 Market crash) and also a really strong resistance between 1705-1680$ so if 1717-1722 support fails, we will be heading to 1705$. Keep on watching the price.
Comment:
Strong support***
Order cancelled:
Failed
Trade active:
Re-activating the idea. I have spotted a divergence in 1 hour basis - macd indicator also a lot of possible buying signals.
Trade active:
S/L: 1705
T/Ps are the same
T/Ps are the same
Trade closed manually:
Non farm payrolls became much better than expected