Hello Traders,
I have seen a lot of analysis on gold this week and I want to show you how tricky gold can be.
We can see on H4 chart that gold is in a flat area this means the move is neutral (no trend).
Sell scenario :
- I have on MACD a possible bearish divergence and if the price could not break the resistance, i can think at a sell but is a risky one, better to sell after breakout the low.
Buy scenario :
- I have an uptrend from 1460.0.....with a Fibo expansion I can see that the next impulse can finish at the high on price 1690.2 but the best entry is above the resistance that the price will meet next.
Enjoy it and don't forget to like and follow for my ideas.
PS : Is my vision, make your own choices!
I have seen a lot of analysis on gold this week and I want to show you how tricky gold can be.
We can see on H4 chart that gold is in a flat area this means the move is neutral (no trend).
Sell scenario :
- I have on MACD a possible bearish divergence and if the price could not break the resistance, i can think at a sell but is a risky one, better to sell after breakout the low.
Buy scenario :
- I have an uptrend from 1460.0.....with a Fibo expansion I can see that the next impulse can finish at the high on price 1690.2 but the best entry is above the resistance that the price will meet next.
Enjoy it and don't forget to like and follow for my ideas.
PS : Is my vision, make your own choices!
Comment:
TP HIT!