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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