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salvanost
Jan 16, 2022 10:41 AM

the biggest enemy of bearish trader, retest 1900 zone Long

Gold / U.S. DollarFOREX.com

Description

previously I said RSI is not good as a bearish or bullish indicator but good at timing indicator to predict top-bottom timing when that happen
and I said Feb will be highest price zone for gold and late Mar or April as lowest price zone for gold, let's skip on Mar or April and focus on Feb

I already create an idea about 1850 retest then drop to the 1746 area
so why did I create a bullish chart this time?
because it possible to bullish to 1900 zone...

it visible on weekly, and it is possible on daily too
but for now, it need to invalidate the bearish divergence on 1848, go higher to 186x first

Comment

if 1848 failed as resistance and instead become support
Comments
RezaNWZ
nice
kimstandgraph
Great idea
Super_B_XinR
I think a closing price above $1820 at the end of the week is a bull market. But now the scenario makes me cautious.
salvanost
@Super_B_XinR, yes it will drop next week , because hourly not bottomed yet
but daily not topped yet
salvanost
@salvanost, or if 179x support failed will see 1777 area support as SL hunt
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