baderocks2
Short

Gold full analysis #XAUUSD

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold full analysis


Hi you seems to have a contradict analysis from an earlier date. Is the one on 27 December 2018 still valid? I'm asking from a learner prospective. Please enlighten me. Thanks!
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baderocks2 Everlon
@Everlon, I'm not contradicting anything. The first supply zone extends from 1300-1326, which we are still in. After that, we have the supply zone at 1353. We don't just trade monthly or weekly zones. We draw them and watch for potential reversals to take place. Gold as you know has been very bullish so we need to be extra careful if we want to go counter-trend, which we should once we see reversal signs as indicated in this current post.
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baderocks2 baderocks2
@baderocks2, Sorry forgot to mention, we draw monthly/weekly zones and then wait for reversals to take place BEFORE we hop onto a smaller timeframe (in this case the 4hr) and do our analysis
Reply
Everlon baderocks2
@baderocks2, Thanks for explaining. I have understood now that you explained this way. I like your analysis! Cheers!
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