PakdheFx

PakdheFx

buy when the price brakout the trendline and resistance

PakdheFx

Yesterday the daily chart show us pinbar on resistance and now it's going down. We can wait to buy when the price hit support from the previous resistance.

PakdheFx

Well, this is classic setup when resistance becomes support (this one) or support become resistance. Yet, since there is bullish engulfing pattern, I'm not sure the price will go down and look for long when the last candle break the high of previous candle. Also, The resistance on 1.2875 - 1.2885 looks promising to sell.

PakdheFx

The support on 1755 has been broken yesterday. It shows us that gold start to trend down. This morning it has reach 1755 again and that can be the opportunity to sell gold.

PakdheFx

The support on 1.29000 has been broken. It becomes strong resistance. Also, there is diagonal trendline which shows us that the EU still on bearish.