Fibbo H1 indicates north and Gold has started its ascend. As observed and told before that we are bullish above 1753 to test 1823 and we will be bearish if the price starts closing under 1753 to test 1723. The maximum side of each is 1830 and 1683. At these max points new trend will be defined. Now for Tuesday I see a very good position for buying at 1780-83 where...
It will range between 1753-1783. Now above 1753 we are bullish and need to break 1783 for next station 1823 and under 1753 we are bearish and need to break 1723 for the next station 16783. We will see the situation on these points then 1823 and 1683. Look for MRS around 1778-83 between 50.0% and 38.2% level.
Fibbo H1 indicating south and it is already on 100%. There is a HRB at 1758 as BB44 lower band is combined with 100% level. Seond MRB is at 1738 where Sma200 is combined with 161.8% level. However a MRS is located under 1758 100% level with a stop loss above it. We are bullish above 1753 (The point of impact) and bearish under it.
Fibbo H1 indicating south towards 1753 (The point of impact) but the indicators and momentum have already got into bullish trend. From 1723 to 1753 next station is 1783 (To fill up the gap of 1783-85) BUT WITH A ZIG ZAG MOVEMENT. First buying chance is at 1763-66 where 38.2% and 61.8% level meets with BB44 mid band with a Stop loss under 1760 (Arrange with lot...
Fibbo H1 indicating south and the price is heading towards north as last H1 candle was a king bull candle closed 1766 and 0.0% level is at 1768. Now considering start of a new session on Monday is a new week of a new month. We have to circle around at 360` degree in all TF frames. MONTHLY closed as hammer with a strong support at 1680 of MACRO FIBBO 100% and...
Fibbo H1 indicating south but so many things have supported an up ward movement. Even then for the sake of retracement it should at least visit 23.6 % 1746 or maybe 38.2% 1739. It is very hard to select an entry point today as there are so many elements that can drive the price to any distance in any direction. Interest rate rise can descend it but the economical...
Fibbo H1 indicating south. Price has started to decline but we cannot ignore the upward movement to test 1753 as D1 closing above 1718-23 is uptrend. As I already mentioned after reversing from 100% level of MACRO FIBBO 1670 now price may move towards 1870 for next station is at 178x where there is a gap sill to be filled. On the other hand rise in interest rate...
Fibbo H1 is indicating north but the price has to break 1718-23 where BB44 mid band combined with 38.2% level at 1722 is serving as resistance. On the other side Sma200 with 0.0% level is sitting as support at 1713. So a MRB is located at 1712-13 around with a tite SL at 1709 and a MRS is located at 1722-23 with a SL at 1726. Try to exit market ASAP or keep your...
Fibbo H1 indicating south with all other large TFs heading south. However price is in 1718-23 zone which has been famous for huge retracements in the past so an upward movement also can not be ignored. Therefore the entry purpose first attempt should be at 1720-23 area with SL of fair distance of 60pips if SL hit then next attempt would be at 1738-43 with same...
Fibbo H1 is indicating south but all the large TFs are on northern side. So 1738-43 at 0% level is going to be HRS and 1748-53 will be MRS. What I fear that we might visit 1758-63 but chances are rare due to Monday week's opening but we cannot ignore it. My first entry will be at 1738-43 area with a stop loss at 1746. If it hit SL then I will take second chance at...
Fibbo H1 indicating north and the retracement is also due so it may test 1700 or maybe 1705 at 50.0% or 1708 at 61.8% level. Only one sign in support of this is a good healthy hammer in H1 TF. So buying from 1693-98 area is a MRB but with a tite SL of 1689 and not more than that. As remaining indicators in large TFs are all heading towards south. Thursday and...
Fibbo H1 indicating north and lower highs are also forming but higher lows are also participating thus making a symmetrical triangle pattern. Let the price break this triangle then decide the entry point.
Fibbo H1 indicating south and the price is making a retracement movement to north. However 61.8% (1708) BB44 (1709) 50.0% (1711) all together putting up a good fight a resistance. A MRS is in 1708-13 zone and 10-11 are most ideal for it. If this entry fails at 1715 then next attempt would be around 1718-23 which is a LRS. A buying opportunity is still around...
Fibbo H1 indicating a north movement provided H1 candle ended as bullish H4 is a hammer and on the support of BB44 lower band and D1 indicating a short reversal in price as second last candle was a king bear and last candle closed as doji. Price has already crossed and closed above 23.6% level. So the start of the week maybe bullish trying to test 1718-23 zone. If...
KNOW YOUR TRADE ( What is bid and what is ask and how it works) When you buy you get high price "ASK" and when you sell you get low price " BID " from your broker. (What is spread and where it goes) Spread is simply the difference between bid rate and ask rate. Usually spread includes brokerage, taxes, liquidity providers charges etc etc. So a high charge...
Fibbo H1 indicating north and the price is hovering between 23.6% (1708) and 38.2% (1715). There is no significant movement seen so far. Gold market may stay sideways until US session. However a three star news of retail sales one hour before US session can develop any momentum and the effect comes later on. Therefore it is advisable to stay away from the market...
Fibbo H1 indicating south and has already covered half of the way and the time I am posting this, price is at Fibbo 50% level at 1726. A high risk sell is here under this level. It is recommended to wait for 1728-33 level for a medium risk sell or let it test the 1718-23 zone at 61.8% level for a high risk buy. A medium risk buy is obviously at 1703-08 zone. All...
Fibbo H1 indicating south and the price have already made more than half of the distance but for the sake of retracement is always due. Find Medium risk sell around 1731-33 area where BB44 and 61.8% - 50.0% levels are serving as resistance.