Firstly, have a look at previous chart
and also the other since 1360...
These days, i have seen some charts and read in forums that gold produces signal to buy according to daily trend. For me, it is not make sense. Anyway, these are also idea that we should respect.
My idea is, gold is still under pressure. 1255 is very critical. Above it you can see the targets as 1277 & 1298. As my expectation, ichimoku and bollinger may not let gold go up. Stochastic RSI indicator also make it hard to go up.
EMA 50... It is also against gold...
Thus, as i repeat since 1360, i wont stop targets under 1200 and finally 1120, before gold closes above 1327 for two days.
Simple is simple... Every uptrend make another opportunity to go short till 1120...
I will revise @ 1209... See u on Thursday :)
These days, i have seen some charts and read in forums that gold produces signal to buy according to daily trend. For me, it is not make sense. Anyway, these are also idea that we should respect.
My idea is, gold is still under pressure. 1255 is very critical. Above it you can see the targets as 1277 & 1298. As my expectation, ichimoku and bollinger may not let gold go up. Stochastic RSI indicator also make it hard to go up.
EMA 50... It is also against gold...
Thus, as i repeat since 1360, i wont stop targets under 1200 and finally 1120, before gold closes above 1327 for two days.
Simple is simple... Every uptrend make another opportunity to go short till 1120...
I will revise @ 1209... See u on Thursday :)