Gold update on 4H - two weeks forecast - good buy opportunity
Updated
Dear traders and followers,
welcome to our weekly gold market update !
Last week we nailed once again our target which has been hitted by Friday evening, we hope you enjoyed the profits of last week.
Time for new profits !
The current trading week will be pretty boring with low volume. We see only a very small possibility for a break and close above 1940 $ this week.
This is the reason why we wait for a good buy entry at 1900 $ which is a good support and 0.5 Fibonacci retracement level. In the long term (weekly) the market has build a lower high which is in general a bearish indicator. If the market fails to hold the 1900 $ support the next stop will be the near 1800 $ support area which is strong support area.
RSI and MACD indicators are explained in the chart.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date.
Thanks for your support !
welcome to our weekly gold market update !
Last week we nailed once again our target which has been hitted by Friday evening, we hope you enjoyed the profits of last week.
Time for new profits !
The current trading week will be pretty boring with low volume. We see only a very small possibility for a break and close above 1940 $ this week.
This is the reason why we wait for a good buy entry at 1900 $ which is a good support and 0.5 Fibonacci retracement level. In the long term (weekly) the market has build a lower high which is in general a bearish indicator. If the market fails to hold the 1900 $ support the next stop will be the near 1800 $ support area which is strong support area.
RSI and MACD indicators are explained in the chart.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date.
Thanks for your support !
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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