Waiting for price action signal to join the Bull
Looking back my post on 15th June 2019:
We had another great week with Gold. From the chart we can see that it went back to 1334 before rallying to 1410 and reached 5-year all-time high.
I mentioned in my previous post “If gold could break and hold above key level at 1357 then it is likely to reach our new target at 1375”
Gold actually even went higher than that. My order hit my target right at 1375 and I was out of the game from that time. But that’s OK.
Weekly Chart:
Extremely bullish candle
Daily Chart:
Bullish candle with rejection of high price at 1410
Watch out:
There might be a retest at zone 1375-1388
Action:
1. Waiting for right price action signal to determine the right entry to join the Bull somewhere around the retest zone.
2. Our target for this week might be 1410 (again) or might be not (^_^)
Stop Loss:
Always set your SL
We had another great week with Gold. From the chart we can see that it went back to 1334 before rallying to 1410 and reached 5-year all-time high.
I mentioned in my previous post “If gold could break and hold above key level at 1357 then it is likely to reach our new target at 1375”
Gold actually even went higher than that. My order hit my target right at 1375 and I was out of the game from that time. But that’s OK.
Weekly Chart:
Extremely bullish candle
Daily Chart:
Bullish candle with rejection of high price at 1410
Watch out:
There might be a retest at zone 1375-1388
Action:
1. Waiting for right price action signal to determine the right entry to join the Bull somewhere around the retest zone.
2. Our target for this week might be 1410 (again) or might be not (^_^)
Stop Loss:
Always set your SL
