Main Reason of the price drop
- Price at Ressistance (Biggest effect)
- People taking profit (Medium effect)
- Amateur investors panic-selling (Minor effect)
Start to buy on the next support at $5.800
Keeping it short and simple !
Have a good day!
Nassare
XAU/USD (GOLD) we see a interesting downtrend with a small retracement touching the 0.236 Fibbonaci level. It couldn't break trough like you can see. Now we are waiting for the reaction on the curvy support at 1190.
BUY LIMIT 1190.95 XAU/USD (GOLD)
TP: 1212
SL: 1187
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Hey,
This is my first post.
I will keep posting my idea's and track my losses and wins.
Im not using any indicators because I don't believe it will help me.
I put much effort into this chart, but deleted everything after so you can get a really simple view.
This is my first signal, follow my trading journey !
Wins = 0
Loss = 0
Running = 1
