3101 Month P1 GOLD will rise up to 1735 in Feb??
Well, on this last day of Jan, as usual, we will have some analysis or plans for the next month.
Gold is not showing a strong trend that going alone with the upper line of BB on the weekly chart.
On the monthly chart, it actually is meeting Fibo 618 position of a very long-term downtrend wave.
So 1611 would be a very strong resistance zone for gold to challenge if it want to make to 1735. We would love to see a very wide range movement for gold in Feb first.
That range is from 1511 to 1611.
Only if Gold can stand above 1600, we will keep this idea that gold will run to break 1700 to 1735.
Good luck in Feb.
LESS IS MORE!
Gold is not showing a strong trend that going alone with the upper line of BB on the weekly chart.
On the monthly chart, it actually is meeting Fibo 618 position of a very long-term downtrend wave.
So 1611 would be a very strong resistance zone for gold to challenge if it want to make to 1735. We would love to see a very wide range movement for gold in Feb first.
That range is from 1511 to 1611.
Only if Gold can stand above 1600, we will keep this idea that gold will run to break 1700 to 1735.
Good luck in Feb.
LESS IS MORE!
Trade closed: target reached:
Before trading on the selling plan, we still got our last signal to buy GOLD valid,
And this signal that is still valid made TP2 hit with 180 pips now.
Hopefully will get to TP3 on the next Monday.
And this signal that is still valid made TP2 hit with 180 pips now.
Hopefully will get to TP3 on the next Monday.
