Even though you can judge a correct direction from current situation for any pair, you could still loss money becoz of your lots size or risk management. Its all about patience and risk control. For gold, our last chart did say that it has a red support line and some doji on daily chart prove us right. And gold has pulled back above 1300. But we did not enter a long trade based on that even though we have a correct prejudgment. Becoz that correction is opposite to your big picture. We were waiting for a second shot to short it again. Now the green trendline is showing us some sign that 1306 could be the end of the corrective wave. Lets check it out once we have a new daily candlestick. And will send new signal once the trade is triggered.
Less is more!
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Hello guys we have one reverse hammer on daily chart, but still nothing is for sure yet. Lets check again next week. Hv a great weekend.
@AFOR9, it could’ve touched it today if north korea didn’t replied back to meet the potus anytime, but since they did that, it makes the geopolitical tension to eased down and boosts dollar up. Markets will continue to buy dollar dips and gold will continue to suffer more cos next month rate hikes is on table as well.
mohamedkamel999
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good setup
elahe_mrh
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which green dear?..there r 2 green lines
Ducksoup
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@elahe_goli, there are 3 but only 1 is coming down !
The trend line!
I thank you so much for your non stop support and brillient charts ..
My very best regards,
Ahmed