Gold still going as predicted.
Tip: When analysis your charts, use a reverse pyramid approach analysis, from bigger picture to small. In that way its easier to see possible retracement areas and etc.
PS: I would like someone to teach me how to correctly use Fibonacci & Elliot wave indicators, so I can elevate my skills.
On GOLD, I'm looking on buying opportunities, my analysis is based on technical and not much on fundamental.
Happy trading week ahead.
Please don't hesitate to leave a comment or advice as I am also open minded and willing to learn more.
Hello Traders, Bulls manager to put the bears under pressure and price went and hit my tp @2000. Now I will wait and see what will happend and sellers might want to come in and see Gold retesting the breakout at price 1984.50 that's where I will be looking for opportunity to buy of causes with a confirmation. However I will only look for sell opportunity one buy...
Major support at 10318 were D1 buyers are at is already retested and market closed with the pin bar on D1 and they are nicely riding that bullish trendline.
On Friday we saw Nas100 correcting the Thursday evening spike due to the Apple earnings release and also retested the previous Thursday high. If you take a look at H4 Nas100 created a W shape and that retest...
Overall trend on W1 is done trend, however if you go to the H4 the done trend was broken to the upside and on H1 we had a very strong buying trend. I will on take a buy on this once the W shape has been retest on that trendline or W neckline hold it till the weekly major trendline then wait and see what will happened there.
Always consult you trading strategies...
Gold is still on strong bullish trend and its now on a flat top/ascending triangle. I am looking for buying opportunity on this one, however I always prefer to buy low.
If I can get some sort of retest on 1960 price I will take a buy with the confirmation of cause. That 1960 level its where the H4 buyers are sitting and I believe the will now push the price to...