Gold is going to close GAP.
Best place to open Sell is under Resistance Zone.
Potential profit will be in 3...5 times bigger than risk.
Before to trade my ideas make your own analyse.
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No need to write them in PM.
Thanks for your support!
Gold small tf inverted head and shoulder possible up to 1502-6. Big tf on right side head and shoulder with max top 1520 what we get (if we go there again dont know), but overal per this chart after finish left chart SOER TP 140X (this is +- same chart i posted few days ago and still valid). So now up, then down, gl
Going into the FOMC meeting, It seems to be that 1501 is a big holding support in which gold can retest at this support and get the momentum it needs going into tomorrow. This is a strong buy as the Feds are cornered to cut rates and give the markets the stimulus it needs to keep up this lousy market.
This is only going to send gold way higher in the short and...
Hi.. I plan to recharge my short positions in one of those two level indicated by the Blu lines
I would give more probability to the bounce between the 50 and the 61% Fibonacci..
as of now is not clear yet which is the most probable option.
If we bounce at the 0786 Fibonacci I would be more confident in a big down move, even lower than what indicated by the blue...