Trend lines and supply and demand zones from the last 10 years, if history repeats it self then we should see the price down from here and on, near the yellow box estimated by end of 2019 early 2020.
1200 or 1700 in 2020?
short #gold at 1511 to take profit at 1491 and 1474 while he is overbought weekly and daily and have a big rsi divergence in 4h as indices rebound and risk off fading i think this week we will see a pull back, my SL at high 1532 ratio 1/2
as my first trade i loss around 8$ on 1 lot
i made 2 lot on this trade
1 lot i will close at 1492-90
the second lot i wll...
After the meteoric rise in gold shows signs of price correction.
It's high-level stochastic with crosse lines shows overbought.
Gold has risen 27% since October 2018.
The trend is rising and this is a signal of correction
Target: $ 1466
short at 1488 to target 1474 and 1460
overbought much weekly
Rsi bearish divergence are bigger
soon psy level of 1500
a correction of 28 is full legit
or i't will go 1500 first and a more big correction
it up mostly because of trade war than because the dollars is weak anyway he have to take a breath and as all waiting 1500 may market will correct before to reach it
So for those who asked themselves why the gold stopped at 1450 then the answer is in the graph above, the gold stopped at the 50th line of the Fibonacci retracement.
Excellent time to take a break from the position only of buying and also try to make corrections of the price (sell close to the resistance as in the situation now, and buy close to support)
A significant upward trend.
All the technical parameters support further increases in the long term
The price of gold stuck between support at $ 1384 and resistance at $ 1431
This signal is for traders looking for market corrections.
Price is close to $1436 - near that level could be the best sell entry:
- Price bounced 2 times from that area
- potential profit could be in 10 times bigger
I will send an accurate signal here with Stop loss and take profit points if this post will get 100 like (signal will send if I personally will open position)