MoneyTechPH

MoneyTechPH

Currently sits in a major support zone both horizontally and of an up trend line. If it is to break downwards, then we can target our support zone 3250. Always wait for a retest before entering the market. On the upside, it has to break 3350 before we can safely assume that it resumes its uptrend. Until then, we can do a range trading buying near support and...

MoneyTechPH

Last trade idea was fulfilled and went into the downside. Targeted 3250. If this 3250 major support area breaks down, we can expect a bigger downside move. However, there’s a huge buying that happened at that level. It may first have a pullback upwards before it continues its decline. RSI is also at oversold level. Bullish reversal can be confirmed if 3350 gets broken.

MoneyTechPH

GOLD 4H TIMEFRAME Currently on a major support level, if it breaks down at 3284, we can target these previous support levels at 3264 and 3250. Always wait for a retest before entering to confirm that it is not a fake out. On the other hand, if this bounce and consolidate above 3350 levels, then we have a probability of a continued growth to 3400 and 3440. If...