I did initially see a possible start of the precious metal moving back to the main trend pre-end of March, as price began to settle around 1800, a sudden push south the last 7 days may be further indication of a more momentum related push north to return to the trend line from 2018, my long term view did show this dip, (see linked chart below), but with less strength and moving through March, as my thoughts were covid related, (very stupid of me), and not bank and previous market action, this push south during February may see March and April moving north, with potential for further continuation through May and June,
areas to watch for are 1728, 1740, 1762, 1800, 1828, 1858 and 1900, 1926 and 1932
For further information about my analysis please feel free to message me.
Comment
⋅
As requested removed some of the noise from the chart to make it more readable
Comment
⋅
Comment
⋅
There are too many connections at the circle, for me not to expect a resonable retrace, that said I believe on holding the buy and getting extra profit on the correction.
The price could go down to 1677.30. Price closing down below 1 year support line ( 8th March 2020 ). I wont prefer long position now. Too danger for my equity. Next support target 1677.30.Anyway, i will keep an eye with this idea. Also possible with nice explanation.
yeah the pattern seems like. thanks for this information please update comming days
bkchouhan1987
⋅
not like that SL hit
Asad_aimhigh
⋅
Good Afternoon how are you? i hope everything is fine with you and your family !
Sir i sent you few direct messages. Please appreciate to talk to you once you get time. Be Safe, Take care and have a nice time with your family, friends and loved ones