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max drop one day 200 points in history, whats next??#GOLD.. guys as we discussed before that gold in history one day drop is 200 points, and mostly after 200 pionts market always take retraced and bounced back, you can check history on weekly chart. and same like this time market behaved same, market open monday morning at 2070 75 and placed 2145 around high then market dropped streight and placed 2019 around in same day, the thing is that (from 2070 75 to 2145 its 75 points upside move) and then from 2145 to 2019 (its 125 points move) means its done 200 points move, then market retraced upto 2041 42 after that break his pervious day low (that is also 200 points drop low), well, according to this market pivot is now 2019 20 where market placed his 200 points drop, that is your key level now. if market didnot close above that level then we can imagine that market will drop again, any buying oppertunity will be valid above 2021 otherwise not. trade wisely good luck
FX:XAUUSD
by AdilHussain731333
2
repeat his pattern or not? whats next?#GOLD.. sofar market very well hold your area that was 2039 and did not closed again above that level, so if its market retraced then again buying expected form expecting supporting zone, that is multi time repeat by market on hour chart. you can see in hour chart. so if it is repeat again then again bounce expected from expected supporting zone other below support zone pattern will break then a straight selling expected otherwise not. trade wisely good luck
FX:XAUUSD
by AdilHussain731333
OPEN n JMMC is going on, lets see what will done, #USOIL.. in today we have a most important event on table that is OPEN (The Organization of Petroleum Exporting Countries) and JMMC (Joint Ministerial Monitoring Committee), its totally a fundamental move expected but on technical behalf we have upside important resistance area that is mentioned on chart, if market hold it then a drop expected, overall for the time being i have a news regarding oil cutt production, let c what will be done from market side, trade wisely good luck
TVC:USOIL
by AdilHussain731333
5
it will stay in range? lets see but stay in my box...#GOLD.. market trade in range from last some session, OUR YESTERDAY SELL STOP DIDNOT HITT BECAUSE MARKET EXECT HOLD YOUR AREA 1986 THAT IS ALSO BOX LOW. we have a box in blue color, keep close that box because it will play major role in next move to anyside. cash the range until market trade in between box price. until market didnot break anyside with any tenor closing don't think about one sided ride. only closing eitherside will leads you towards 15 to 20 points. keep close this box with mentioned level lines. trade wilsey good luck
FX:XAUUSD
by AdilHussain731333
2