I can see a slow moving down , expecting a move up soon
this is a weekly chart , so any trade executed shall be longer term
no trade calls in here, i'm posting my personal view for educational and recording purpose
Salam bank Bahrain which is dualy listed in Dfm and Bahrain market is continuasly buying back its own shares daily approximately 400k/day. We can also see the price in both the markets increasing every week. This proves my point that I've been saying the share is very undervalued and it can run for more 50 percent upwards. It's a clear buy.
GOLD LOOKS STRONG NOW BCS IT REJECTS THE PLACE @1488 ZONE AND MOVES UP
HERE WE WANT TO FOLLOW
1. WAIT UNTIL IT REACH THE AREA @1512 ZONE IN 4 HR CANDLE
2.IF IT REJECTS THE AREA IT FORMS THE HEAD AND SHOULDER THEN STRONG DOWN
3.IF IT BRAKE THAT ZONE WAIT FOR RETEST TO BUY
I'm not going to point out where price touches these lines as it really is simple to see that these levels have been used as both SUPPORT and RESISTANCE, how do people not spot these? Do they constantly walk around with eyes closed? or more likely with heads in phones on dating apps looking for there next sexual transmitted infection ;p
It is so simple but yet...