Down and then up 1610. Look at the longer time frame. It is a long trade. At least 7 hours trade. Can short and then long. Good luck everyone
Xauusd_Ideas
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@Fawad1234, GOLD is characteristically known to make large impulse moves - as shown on Monthly, Weekly and Daily timeframes
so from a market structure perspective - I agree a correction is needed before continuing up - Ive shown this on my latest analysis but on a day trade basis, theres more impulse move remaining.
Fawad1234
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@RASHDAH, thanks ... I m avoiding it for now ... let’s see in coming hours...
trade_sal
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I've been learning alot from you. THANK YOU and please keep it up. 👍🏻
I really like your analytics system. You use the FIBO levels very well. I often wonder whether the "spikes" in the graph should be included in the analysis or not. Spikes are often generated by market makers and often removed from the chart later. Therefore, I interpret these quite freely. Apart from that, you're doing a very nice job. Congratulations. 👍😊