Pedro541

Pedro541

Right now it has hit its support. Hoping the trend continues its downtrend for a sell. I am looking for a sell signal of it hitting its resistance or a break of the trend line that I put on the support.

Pedro541

The daily chart is telling us it is going in a uptrend trend. The price right now is going in a downtrend, possibly to be turning around in the near future to an uptrend. Now that we know the price or candle stick is going in a downtrend let's take a look at the 4 hr.

Pedro541

Gold kept continuing it's uptrend as I said last week on monday. We had 2 opportunities to make a play as I pointed out in the graph. 1 being the first play and 2 being the 2nd play. I hope for gold to keep continuing it's uptrend but I am aware that it should be heading for a downtrend in the coming week or so.

Pedro541

Silver seems to be continuing it''s up trend. Be on a look out for the next re test.

Pedro541

Right now gold is retesting. Waiting till I get a buy confirmation of hitting support.

Pedro541

Enter as you will, my recommendation would be on the next retest on the 15 minute view

Pedro541

The retest seems to be over and making its pivot move for a buy play. Choose as you please when to get in, my recommendation would be in the next retest in the 15 minute view.

Pedro541

If a full candle closes passed the sell confirmation line, sell. If a full candle closes passed the buy confirmation line, buy.

Pedro541

If a full candle closes passed the sell confirmation line, sell. If a full candle closes passed the buy confirmation line, buy

Pedro541

needs to cross its confirmation line to confirm the trade

Pedro541

if a full candle closes passed the buy line, buy

Pedro541 Updated 

If a full candle closes passed the sell confirmation line, sell, if a full candle closes passed resistance, buy

Pedro541

as I said, wait till the 1 hr candle pulls back and closes to enter or re entry. If candle closes past resistance, buy

Pedro541

the 1 hr time frame to enter or re enter if you haven't already.

Pedro541

buy, if a full candle closes passed the resistance line (buy confirmation line)

Pedro541

buy if a full candle closes passed the resistance line

Pedro541

if a full candle closes passed the resistance line, buy

Pedro541

buy, if a full candle closes passed the resistance line ( buy confirmation line)