saiful707

saiful707

Triple top rejection indicates the signal of going down. The confirmation once it breaks the LL then a retest. #JustAnAmatureAnalysis

saiful707 Updated 

This week (27th Sept) gold close outside the bolinger band indicating that it will go down. But 1st it has to retest the MA5 High level area (1201.99 - 1198.93). Next will be is the nearest support level (1174.85). But still let the market decide its way.

saiful707

Lets get back to the technical analysis chart. As of this week gold close above MA low 5 at 1199.66 the decision to go rally is depend on the open candle on monday once the market open. if the bull candle close outside the bolinger band next destination will be 1247.43 (monthly area of moving average 5 Hi/Lo) as of 25th September there some USD news on the market....

saiful707

Hi all, Short for AU then target TP will be 0.753 and then the USD will be weak against Aussie since the demand zone is 0.753 . Soon the Aussie will be stronger and boom up for the higher price.

saiful707

There are 2 possibilities base on Supply & Demand: 1. Now the price is breaking the nearest resistant. So we will go for LONG at entry level will 132.620. 2 If it break the resistant level 132.480, then it will go down to the nearest Initial break candle 131.625 for the next LONG entry level.