LIKE I SAID IN THE POST THAT I PLUBISH YTD NOW THE PRICE IS GONNA REACH THE SUPPORT BELOW IT ,SO WHEN IT REACH THE SUPPORT WE EXPECT IT TO HAVE A SMALL PULL BACK CAN CONTINUE TO DROP.
WE CAN SEE THAT THERE ARE A 'DOUBLE TOP" HAS FORM, SO WE EXPECT IT TO HAS STRONG BEARISH MOMENTUM. I HAD ALREADY PLACE MY TRADE AND HIT TP THE PAST HOURS BEFORE. IF THE NEWS DID NOT MAKE HUGE IMPACT TO THE PRICE, THEN AFTER IT BROKE THE SUPPORT AND RETEST IT AND IT MIGHT KEEP DROPPING UNTIL THE NEXT SUPPORT.
THE price are trying to break the resistance twice at sep20 and before but fail and the price touches the resistance many this month but failed break the resistance and come back down ,so now the price has touches the resistance so we are expecting the price to falls again .
gold has touch the support three times ,and bounced back up three time,so we wait for the retest and then enter the market and we are aiming for a buy next monday.It is the my first time analysis the market ,So if there is any experience traders out there,Please give me some feedback and Correct me if Im wrong ,Thanks and take care.
