if pinbar low not break,gold will go up to support if pinbar low break,it is new sell signals let see gold futures daily and AC indicator wish you big profites
@Taufiqpino, why you don't put SL in last low? no sl=loss soon or late
Taufiqpino
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i put SL but subjectivly i hope will be going up
dimyto
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If the picture does not change fundamentally, next week we can look for lower prices for gold, looking at the Monday futures with expiration at the end of the working day, the average time will reach 1875-62 dollars per ounce as the next support after the 1884 dollar bottom from Thursday 17 August. Even this will be the least that will happen if a decline repeats, so far the risks for the bulls are still high. There is another thing though, you shared it correctly that it could jump up to $1920 before going back to $1880-75 and only then up to $1960 - there are slight beginnings for that but fundamental changes are needed in favor of the bulls .
dimyto
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There are fears that the situation in the property market could have further ramifications after Zhongrong International Trust Co., a major player in China's trust sector, defaulted on several obligations to its clients in the past week. Then on Thursday, Evergrande, another major Chinese property company, filed for Chapter 15 protection in the US. Chapter 15 is similar to filing for Chapter 11, but for companies that have offshore interests as well as U.S. businesses. Financial markets have historically shown nervousness if the concept of contagion becomes apparent. Gold is sometimes seen as something of a "safe haven" in such circumstances, but that was not the case in this latest episode of market rift. Government securities are also seen as a risk-free asset and are sometimes sought after in times of upheaval.