gold 4 hour all scenario : all markets overbought
guys sorry for my late analyse , these days all market overbought (like bitcoin)
what happends on overbought market = it can zigzag or even go up but very big banks dont inter market so movment,signal is low
what on gold ? all scenario = frist scenario is gold go down to 2488 then start new up wave and go up touch high area again
second scenario = gold go down touch 2488(fibo 61% ,gold love it) then after little zigzag crash to 2000 area !!!!!( this can take 3 month or more)
3rd scenario = gold zigzag go up touch high , then comes down ,again go up touch high (can take 3 month) ,this condition is very bad can harm new traders
what is my order = personaly i have sell on gold near 2643 with SL = 2725 TP=2500 TP2=[2080/b]
wish you win , again sorry for my late analyse (tradingview moderators with 4-5 time block me , annoy me)
if you have any question ,dont fear contact me ,ii like help
what happends on overbought market = it can zigzag or even go up but very big banks dont inter market so movment,signal is low
what on gold ? all scenario = frist scenario is gold go down to 2488 then start new up wave and go up touch high area again
second scenario = gold go down touch 2488(fibo 61% ,gold love it) then after little zigzag crash to 2000 area !!!!!( this can take 3 month or more)
3rd scenario = gold zigzag go up touch high , then comes down ,again go up touch high (can take 3 month) ,this condition is very bad can harm new traders
what is my order = personaly i have sell on gold near 2643 with SL = 2725 TP=2500 TP2=[2080/b]
wish you win , again sorry for my late analyse (tradingview moderators with 4-5 time block me , annoy me)
if you have any question ,dont fear contact me ,ii like help
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.