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DeadDeedz
Sep 24, 2018 8:44 PM

Missed the reasoning for 1180-1215 being short term gold zone Long

Gold/U.S. DollarFXCM

Description

Bottom...zoom out..

Long term H/S bottom, with secondary trend line touch and go back as far as 2013 to see why this tight range is important. Has been support or resistance too many times to count. MM knows the inventory is there...again be careful with tunnel vision..zoom out if unsure.

Use range lows and secondary trend line as support...

Keep in mind when money flow this oversold what happened. 150-200$ snap back moves.

Cheers

Comment

Cha Ching
Comments
AnRuaN
Hey @Deedz, i like your view. Also check this chart. Big picture, could just be a backtest of broken trendline.
DeadDeedz
@AnRuaN, I saw that as well. Love these long term complex h/s bottom. When they’re ready the moves are huge. Cheers
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