GOLD : would it stop ??
based of this analysis :
SELL/BUY ?
personally i prefer to trade it in m1 so i can make different trades in moment but for now i have a short position till my first support.
If we lose resistance i will wait for a buy entry.
just keep calm thats the key of trading.
"IT'S JUST GOOD BUSINESS"
TREND :
I detected strong buy on chart every indicator and technical analysis system.
tip : as you see there is a resistance level that price is trying to react.
SELL/BUY ?
personally i prefer to trade it in m1 so i can make different trades in moment but for now i have a short position till my first support.
If we lose resistance i will wait for a buy entry.
just keep calm thats the key of trading.
"IT'S JUST GOOD BUSINESS"
Note
point A : about resistance, it was great resistance and strong enough to push price down
pont B : about movingAverage, it will be a support so for a good downtrend we need price break it to below
point C : this low is strong resistance too, as we are are in upward trend so epect price react on this but we can't be sure about how stong is this resistance because price tested it already.
if you had any question feel free to ask
Note
keep moving to support
Note
price will retest this key level.
I'm gonna trade it
on it : Buy
under it : Sell
Note
set my order
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.