We have a downtrading
i will start my trade: Long ( the market may follow my arrow in my prediction)
When i achieve the Target A
Target A: 1763.2
Then i Sell = Short to achieve my Second Target B.
everything on the chart, if you have any questions related to my prediction, leave it in the comment box
📌 ridethepig | Gold Market Commentary 19.01.2021
A basing formation with Gold, which does not require to create a 'double bottom' pattern, is undergoing a direction change. It advanced as far as our $1,960 target and has found cramps. Finally, there is the opportunity for a breakthrough.
As an example of this, let us turn to the well know diagram ' Gold...
📌 @ridethepig Gold Market Commentary 04.01.2021
This is illustrating the notion of 'total mobility', and also touched on a problem which we have not discussed in depth yet, trailing stops.
Here... we can quickly review the text book flows, firstly when you think of development and secondly because Buyers are threatening to become very strong now in the open...
• It looks like that the long-term upward trend holds (chart on the right side)
• Break out of the short-term downward trend
• RSI is over the important mark of 50 but on the weekly chart still in a downward trend
• MACD is improving and shows an upward momentum in the short-term chart and an improved picture in the long-term chart.
• Volume is still decreasing...
in this market we broke the VWAP indicator with force combined with a large volume plus the breakout of the trading range this morning, means a very important buying opportunity towards the green line of resistence
this market is going to have an uptrend with a high volume with a breakout of the VWAP indicator means that the buyers will enter the market, so this is the opportunity to buy gold in 15 min and cash our profits in TP
signal buy GC1!
very important opportunity to buy gold because we have squeezed sellers with high volume plus we have a breakout of the VWAP indicator with effective volume this means that buyers have entered the market
signal buy , if we break the line of 1899.5 we have 100% probability of cashing our profits in TP
Probability: 80% Buy signal!
The market will keep going up.
You can use the Yellow Line as our First Resistance and at The Same Time Our TP1
If a Green Candle Cut with Force the Yellow Line Then We use it as a Support for the Next TP2 ( Blue Line)
Good opportinuity for two trade with circonstances.