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mouslimbentebbaa

This support now is acting as a lif e saver for the buyers and we saw from this last rejection that the buyers can take control again, STAY IN YOUR POSITION AND SELL AFTER REACHING THE TARGET LEVEL

mouslimbentebbaa

Wait for the right moment to enter in the market just respect the overbought and the oversold price range

mouslimbentebbaa

dear all, this is a clean chart of the gold market to scalp it in a proper way, kind regards

mouslimbentebbaa

The market broke up the level of 61% successfully, we are still above the VWAP and the 200ma, with all of these indications we can estimate that the market will continue in a bullish trend, if we analyze the volumes in the last 48 hours, we can see that the buyers are still in control,

mouslimbentebbaa

The market is purely controlled by the buyers so we are in a good position to buy, also the market respect the support line and give us a strong pullback with a high volume, so we can take that investment with confidence, THE BUYERS ARE IN CONTROL

mouslimbentebbaa

We are well supported by the VWAP and the 200MA so all you can do is wait until you saw a team up and then enter promptly,

mouslimbentebbaa

You should be aware of this green trend line, the market may go down until the the test of the green trend line, but we are well supported with the 200Ma, so we are not against the market but for now the market might take a corrective wave :)

mouslimbentebbaa

The market will take the decision in the near future because we are within the 200MA and it can act again as a strong support, the market might go up after the testing of this range, if that the case then we can expect to get out of the market until the target level

mouslimbentebbaa

We need to see a test within the green line or if you prefer the safety then you can enter after the testing of the 200MA because we are clearly in a bullish trend

mouslimbentebbaa

Normally we should try to spot a buy position, now the market will be in a corrective wave and might go to test the green trend line below with a high probability, we saw the same respect toward the red trend line which is a clear rejection and the market want to go back, THE GREEN TREND LINE CAN ACT AS A MAGNET!

mouslimbentebbaa

The market will return again to the previous channel and will be in a sideway position with a high probability, also we have candles with small bodies within the resistance level and then we saw a red engulfing candle with a message, that is this resistance is a solid one and can't be broke, so we can enter short and put our target within the level of 7544.337

mouslimbentebbaa

We can create this bullish channel to have a better view for the market and also to spot the perfect entry point respecting the pitchfork sides, Recently we saw a good VWAP breakout but the market just go test the validity of the red trend line, so we need to see a clear pullback to buy shares.

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We have a strong indications that the market will go down : 1.The 3 recent candles are all in gravestone profile, the market can't break the VWAP indicator, the VWAP act as a strong resistance, 2.The Fibonacci give us the level of 75% as a strong resistance too, 3.The respect of the red trend line and the market need to go back to the channel, Summary: The...

mouslimbentebbaa

The market need to do a pull back at the resistance level which will work as a great magnet/support, and after this recent candle we can expect a down within the level of 10.17,

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We have a strong probability that the market will go up for the long term view or in another word at the end of this year, it's call for all wise investors to enter in a long position and wait until the end of this year

mouslimbentebbaa

The market will return again to the previous channel and will be in a sideway position with a high probability, also we have candles with small bodies within the resistance level and then we saw a red engulfing candle with a message, that is this resistance is a solid one and can't be broke, so we can enter short and put our target within the level of 7544.337

mouslimbentebbaa

To understand very we the recent violent movement in this market, we have to come back to the basics that's why i choose the Fibonacci to support our view with golden numbers, i based this analysis from the past important bullish trend ,now if you are already in a short position, you have to double up your position, the first target now is the level of 3465.1 and...

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The volumes and patterns are very important in any analysis,