Hello Guys.
Hope you have good times and great trades too!
Today i'm going to explain why GOLD will fall to at least 1930 in coming days.
First of all as you can see in my chart we see a strong Bearish Divergence Between
RSI and price in Daily TF , that i show them with white lines.
Next , We can see a Evening Star Pattern in this strong Resistance level(2050 $).
After that we pass through 20 and 50 MA 's and according to Pullback to MA50 ,
I personally predict we can continue downside.
as you can see we have a trendline base don the pervious two bottoms.
And this Trendline Overlap with MA100(Green line).
So i think this is the first Target for the price in the way of going down.
For later happenings we should follow chart and see what candles shape in this area.
But Don't forget to SET a Good Stoploss in Lower timeframe , if you want to catch this Fish :)
Hope you Enjoy my opinion and
PLEASE
Share me your idea in comments , Let me Learn something from you.
THANKS all my friends.
Good Luck.
Hope you have good times and great trades too!
Today i'm going to explain why GOLD will fall to at least 1930 in coming days.
First of all as you can see in my chart we see a strong Bearish Divergence Between
RSI and price in Daily TF , that i show them with white lines.
Next , We can see a Evening Star Pattern in this strong Resistance level(2050 $).
After that we pass through 20 and 50 MA 's and according to Pullback to MA50 ,
I personally predict we can continue downside.
as you can see we have a trendline base don the pervious two bottoms.
And this Trendline Overlap with MA100(Green line).
So i think this is the first Target for the price in the way of going down.
For later happenings we should follow chart and see what candles shape in this area.
But Don't forget to SET a Good Stoploss in Lower timeframe , if you want to catch this Fish :)
Hope you Enjoy my opinion and
PLEASE
Share me your idea in comments , Let me Learn something from you.
THANKS all my friends.
Good Luck.
Trade active:
we reach the Trendline at 1939 , so the 1930 target is invalid for now.
look at candles here .
if you have an open position , close 50% and keep the other 50% Risk free.
look at candles here .
if you have an open position , close 50% and keep the other 50% Risk free.
price will support there with the openning of New York markets.