Gold broke the decline trend line yesterday after FOMC and BOJ interest decision will take place in next 5 hours.
I still believe that Gold is not done with up trend yet, Buy the pull back is great idea on this trade plan because BOJ decision will pull the price to our best entry shot I hope!!
I will be waiting my 2 position 1230.5 (EMA 20 H4) and 1327 (EMA 100 H4, EMA 200 EMA100 H1 and 61.8 level)
Long term target at 143X which is August 2013 high!!
I still believe that Gold is not done with up trend yet, Buy the pull back is great idea on this trade plan because BOJ decision will pull the price to our best entry shot I hope!!
I will be waiting my 2 position 1230.5 (EMA 20 H4) and 1327 (EMA 100 H4, EMA 200 EMA100 H1 and 61.8 level)
Long term target at 143X which is August 2013 high!!
Trade active:
only 1 position executed
Trade closed: target reached:
Closed some of the position because my target is 143X as I said.
Going to short now as I see the important trendline if the price can't break the trendline now it will be the pull back and I will add some positions there.
Why don't consider some profit from pull back.
I have 2 reasons
1) 127.2 level exact at 1350
2) RSI divergence is there already.
Going to short now as I see the important trendline if the price can't break the trendline now it will be the pull back and I will add some positions there.
Why don't consider some profit from pull back.
I have 2 reasons
1) 127.2 level exact at 1350
2) RSI divergence is there already.
