I show you the best places to open Sell positions.
I will trade it if the price will be in Sell Zones under Mirror Levels.
Potential profit will be in 3...5 times bigger than risk.
Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!
- As shown in the chart 1488/1490 has previously acted as strong support prior to price breaking lower through it
- This level now appears to be acting as new resistance
- Within the Descending Wedge pattern, price has clearly rejected this level due to the evident wick on the last 4 hour candle
- As shown in the chart gold appears to be forming another Bear flag continuation pattern
- Price attempted to break out to the upside during the release of the US Retail Sale result which came in lower than expected
- The 61.8 Fib retrace of the previous bearish move appeared to have halted the move to the upside and acted as a turning point
- Price however...
If Gold breaks top pink lines Tp red line around 1512. If test top and breaks green lines then back down to bottom of the falling wedge to yellow line.
Good luck and trade safe.
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Pluss I have small...
As I noted in my previous signal, Buyers should take Bearish outlook in consideration, it occurred. I knew that there will be space for small correction but in meantime, DX had an Bullish confirmation which was a catalyst for Bearish wave on Gold. That's why yesterday I noted that new traders should re-control their positions in case if something similar to this...
Today, our focus will again be on Gold. After the recent developments in the trade dispute between the US and China last Friday and at least partial trade deal between the two biggest economies in the world, the precious metal just closed slightly below 1,500 USD.
The primary potential reason is probably that Gold traders already smelled something fishy in the...
Bull is trying to break resistance level multiple time, possible short breakout as bear ascending triangle forms while the support is getting higher.
Just my opinion, do your own research before trading.
My expectations about gold.
ENTRY: 1480
TP1: 1475
TP2: 1470
TP3: 1465
TP4: 1460
SL: 1493
Chart time frame - 1D
Time for reaching TP - 1 - 4 days
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All best!
It was two touches to Support/Resistance Zone.
It's a huge probability that it will be crossed this time.
The best place for Sell will be under Zone.
Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
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