1hr notes:
GOLD 50 n 200ma crossed (sell pressure)
GOLD is currently on a down trend on the 1hr. (short-term sell pressure)
GOLD has failed to make a higher high.
4hr notes:
GOLD broke below the 50ma, also retest and rejected .
GOLD broke below the 1900 price level on the
overview:
GOLD was bullish for NFP week, lets see if the dollar will remain weaken
GOLD may continie to drop.
zone pressure 1894 & 1882
potential sell setup:
en 1880 sell the break
sl 1887
tp1 1870 (90pips)
tp2 1865 (140pips)
tp3 1860 (190pips)
tp4 1865 (240pips)
if gold breaks BELOW 1865 sell to 1855
potential buy setup:
en 1895 buy the break
sl 1886
tp1 1900 (60pips)
tp2 1904 (100pips)
tp3 1912 (180pips)
if gold breaks ABOVE 1912 buy to 1930
*my stoploss is max 70-100 pips- if your equity cant do this, please dont overleverage
RECENT GOLD TRADE:
GOLD 50 n 200ma crossed (sell pressure)
GOLD is currently on a down trend on the 1hr. (short-term sell pressure)
GOLD has failed to make a higher high.
4hr notes:
GOLD broke below the 50ma, also retest and rejected .
GOLD broke below the 1900 price level on the
overview:
GOLD was bullish for NFP week, lets see if the dollar will remain weaken
GOLD may continie to drop.
zone pressure 1894 & 1882
potential sell setup:
en 1880 sell the break
sl 1887
tp1 1870 (90pips)
tp2 1865 (140pips)
tp3 1860 (190pips)
tp4 1865 (240pips)
if gold breaks BELOW 1865 sell to 1855
potential buy setup:
en 1895 buy the break
sl 1886
tp1 1900 (60pips)
tp2 1904 (100pips)
tp3 1912 (180pips)
if gold breaks ABOVE 1912 buy to 1930
*my stoploss is max 70-100 pips- if your equity cant do this, please dont overleverage
RECENT GOLD TRADE:
