Not much comment on this post. Wait for the closing of last 1 Hr and 4 hrs candle, set your SL levels and buy Gold from now.
Pls see trade setup idea, analises and important levels in my yesterday post on link below.
Comments
Kumowizard
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We had a Kijun retest today on 4 Hrs, and a retest close to daily Kumo. Price improving again, so it still looks bullish. Next 4 Hrs bullish wave tgt possibly 1332-1335.
Kumowizard
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Sudden drop. Back to Kumo on daily, break below Kumo on 4 Hrs. Not looking good now. My long was stopped on 4 Hrs Kumo break. This position was closed flat. Trend couldn't develope. 1288-1290 is very very important now. In case of a break Gold can become bearish.
LumTuck
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Gold still ranging…
Kumowizard
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Looks like. Up, then push back to Kumo. 1318-1320 (Kijun Sen) should be cleared to gain momentum.
Kumowizard
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Price action is till bullish. Maybe finally manages to close above Daily Kijun Sen, then bullish momentum could increase again.
forex91
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According to EW analysis final destination is 1000 if not break above 1350
forex91
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Gold is over all bearish market right now, in aug is will not move upward because there is no demand in sep and oct in India and China festival season so it can be moves upward but not in aug
A-shot
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Gold above 1300 again...and if it goes higher, it will be stronger as it has been above the level recently.
Kumowizard
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I totally agree. Wave count No. 3 will likely push it above 1360. That means it would even penetrate the longer term downtrend line as well. I have 3 units Longs. My tgts are 1365 - 1380 - 1400.
A-shot
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If it stays above 1350, many will see it as a bullish sign -> probably more investment in gold -> may indeed go for 1400+weak markets -> make people worried even more and move more into gold... the 1300-1400 is a key area as i see