finding support on 2d ichimoku cloud and RSI above 50. OBV has been rising while price dropped creating a bullish divergence. It has been 2 weeks gold has been testing the key level, breaking above and failing.
as you can see in my previous analysis forecast to increase near 1926 then fall down (please look to previous analyse ) now it is new update that it show us it have potential to go to 1855 or less it can go to 1795
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P.S. I personally will open entry if the price will show it according to my...
one possibility that five sub-waves of C wave is completed @ 1848 and 5th wave of Higher Degree is started from1848.
Tiny five waves of 1st wave of wave 5th are running. wave III is expected Fibonacci 161.8/223.6 is @ 1910/1928.
buy= on 15 min chart wait 1 red candel close ,put buystop (on trendy markets never use buy or buy limit)on last clear high stoploss=l below last clear low take profit = 3*sl or next daily piviot point
sell=reverse of above
money managment =1000$ max open posation =0.02lot
3 week try it in demo to find its secrets
XAUUSD ITS IN THE ZONE I MEAN THE GOLDEN ZONE I WOULD LOVE TO MOVE TO THE DOWN SIDE ONE IMPULSIVE MOVE AND IM READY TO TAKE THE RISK ENTRY OR TO BREAK THE TRENDLINE GONNA TAKE REDUCED RISK ENTRY.
BOYS AND GIRLS IM NOT THE BEST ANALYST BUT IM TRYING TO BE HHHH JUST KIDDING.
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Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! The long-term bullish fundamentals for precious metals have broadly remained unchanged. You can refer to the previous analysis for the full list of both bearish & bullish fundamentals.