Niko13821

Niko13821 Updated 

After a lot of bullish week, we may assist to an huge retracement. I will take care about last week hight and assume there will be a bullish momentum to around 2960-65. If this level is sustained it will probably go to the 3000. If the 2960-65 level mark an huge sell off, this could lead us to the weekly retracement Sell idea Entry : ~2950-65 SL : 3% Risk TP1...

Niko13821

Hi everyone, i try to share some idea, feel free to leave a constructive comment to improve my skills ;) As the GOLD drop on friday, it could be a simple retracement on the 4h TF but in daily the gold rally does not really retraced on previous level. I should look at 2867 level (Key point 1) to be deterministic if we break the structure it may go to 2830 (Key...

Niko13821

We probably will see a retracement to 50% fibs before getting back to the ATH. With US ISM Manufacturing PMI on Feb 3 we may have an indice above the forecast of 49.3 that may enforce the retracement to around 2760$. If 2760$ holds and prove a strengh in long position it could be a confirmation of this scenario. On the other hand if Manufacturing PMI goes...