1hr notes:
*GOLD 50 n 200ma crossed (sell pressure)
*GOLD is currently on a up trend on the 1hr (short-term buy pressure)
*GOLD is looking to remain bullsih
*Clean break and retest on the 1hr above 1895 (buy)
4hr notes:
*GOLD broke above the 50ma (bullish)
*Creating a V-shape correction (bullish)
*currently sitting at the top of the 4hr breakout zone
Daily notes:
*HUGE Descending Broadening Wedge!! if this 4hr correction was just a break and retest on the daily for a breakout. this could lead to massive gains to the upside
Weekly notes:
*gold officially cleared all previous sell orders. now that gold is in a weekly demand zone we wait for breakout.
overview:
*GOLD was bullish for NFP week, lets see if the dollar will remain weaken
*GOLD may continue to rise
*respect the trend! gold is bullish
*if gold can not maintain above 1900 price may drop.
buy setup:
en 1895 buy now!
sl 1890(tight SL)
tp1 1900 (50pips)
tp2 1905 (100pips)
tp3 1912 (170pips)
if gold breaks ABOVE 1912 buy to 1930
potential sell setup:
en 1883 sell the break
sl 1890
tp1 1875 (80pips)
tp2 1870 (130pips)
tp3 1865 (180pips)
if gold breaks BELOW 1865 sell to 185
*my stoploss is max 70-100 pips- if your equity cant do this, please dont overleverage!
From the D1 chart analysis: yesterday gold re-test 1900 mark, began to callback down, gold rising space is limited, the callback decline probability is very high. At present, gold is running above the middle track of the Bolin Belt, with a short-term support level of 1890 and a short-term pressure level of 1900. if gold breaks through 1900, gold continues to rise, testing 1910 again or hitting a record high of 1925. If gold falls below 1890, the gold pullback falls, below the target Bollinger belt middle track 1880. This week, focus on 1880, gold fell below 1880, gold began a downward trend, below targets 1865 and 1855, otherwise gold continues to fluctuate in a range of . - gold baby!
*GOLD 50 n 200ma crossed (sell pressure)
*GOLD is currently on a up trend on the 1hr (short-term buy pressure)
*GOLD is looking to remain bullsih
*Clean break and retest on the 1hr above 1895 (buy)
4hr notes:
*GOLD broke above the 50ma (bullish)
*Creating a V-shape correction (bullish)
*currently sitting at the top of the 4hr breakout zone
Daily notes:
*HUGE Descending Broadening Wedge!! if this 4hr correction was just a break and retest on the daily for a breakout. this could lead to massive gains to the upside
Weekly notes:
*gold officially cleared all previous sell orders. now that gold is in a weekly demand zone we wait for breakout.
overview:
*GOLD was bullish for NFP week, lets see if the dollar will remain weaken
*GOLD may continue to rise
*respect the trend! gold is bullish
*if gold can not maintain above 1900 price may drop.
buy setup:
en 1895 buy now!
sl 1890(tight SL)
tp1 1900 (50pips)
tp2 1905 (100pips)
tp3 1912 (170pips)
if gold breaks ABOVE 1912 buy to 1930
potential sell setup:
en 1883 sell the break
sl 1890
tp1 1875 (80pips)
tp2 1870 (130pips)
tp3 1865 (180pips)
if gold breaks BELOW 1865 sell to 185
*my stoploss is max 70-100 pips- if your equity cant do this, please dont overleverage!
From the D1 chart analysis: yesterday gold re-test 1900 mark, began to callback down, gold rising space is limited, the callback decline probability is very high. At present, gold is running above the middle track of the Bolin Belt, with a short-term support level of 1890 and a short-term pressure level of 1900. if gold breaks through 1900, gold continues to rise, testing 1910 again or hitting a record high of 1925. If gold falls below 1890, the gold pullback falls, below the target Bollinger belt middle track 1880. This week, focus on 1880, gold fell below 1880, gold began a downward trend, below targets 1865 and 1855, otherwise gold continues to fluctuate in a range of . - gold baby!