I have taken time to analyze Gold charts and chart shows all time arears of support and resistances.. Now all I have to do is sit back and watch how market will respond to the price levels and take my trades... If found helpful follow for more.
Its pretty clear that theres no bullish pressure yet... It might take us towards 1.00000... No need to rush back in and place bullish bets
The price is going do continue dancing between 1760 and 1675 for some time now... A successful break and hold below 1675 will see more selling.. targets 1600,1560 .. this month there's no need to place a buy order, it's too red
Trade taken at 29k.. targets still set at 60k. The price made multiple attempts to drop below 28k but it wasn't possible, with that much buildup bullish pressure it's very possible to reach 60k, some resistance at 50k awaits
Possible continuation upto my initial target 60k with stops at 46k snd 50k after rejecting 28k multiple times theres alot of bullish pressure
Currently the price is trying to break yearly high and 2018 open/high at 156.084, it was rejected, found demand at 148.450.. a move above the mentioned price will open a clear path towards 163.591, 194.657,216.429 and 250.080.. it important also to note that GBPJPY had previously dropped from 700.000 price point. You can see that on netdania charts. Okay demand is...
Taking alook at monthly timeframe we can clearly see the points of liquidity. Long term areas of supply and sellers. Sellers are currently at this year's high/open price 1.23400 break above that brings 1.25400, 1.39500, and ultimately 1.50300 into focus.. It's important to note that recent upward push from 1.17200 was strongly rejected by sellers at yearly open...
A break below multiple times support 0.84000 could see a massive drop through 0.76000 to 0.70000 area.. reversal from that support could push back upto 0.90000.. good luck and save losses
It looks like it wants fo form a head and shoulder pattern, but most likely it's conslidating the gains before further advancement towards 1850 and 1900... Daily close above 1820 will support the theory. Support stands at 1790, 1760 and 1720.. best of luck
I said before that bitcoin was going to reverse.. it initiated the move on 21st july... Now targets stand at 40k, 50k and past 60k by end year
All set for a reversal, possible targets.. 1.226, 1.234.. sl. 1.174
Am waiting for the gold market to stabilize around 1790, bottom of rectangle before going long... If it breaks below it impulsively then my bias will change to bearish. Open 1790, save loss 1780.. tp 1850
Always believe that you are part of the market.. market is being moved by your combined effort, People themselves. We are trading in an environment where we've been brainwashed with alot of negative ideas about forex market and trading. People telling us ooh retail traders don't make money, ooh 95% lose money, there are money makers etc. I say f that. Trade your...
Trading without a save loss ruined me. It took me an year to come into agreement with myself that I will never beat the market. Furthermore using a save loss call for responsibility. Below are the benefits according to me 1. It has helped me define my entries and exit points more accurately. 2. Am more patient, knowing that I might lose prompt me to wait for a...
Still waiting for monthly close and price to come to around 1.17000 before going long with targets 1.22300 and 1.23200... save loss 1.16900
Bitcoin pulling back higher sharply... More to come. It couldn't break below 3 month support(29000).. am long with target upto 60000 by end year
Bitcoin stil holding 30000 support... This month probably will close around that price. Next month will most likely be bullish given that sellers are becoming weak and can't push further low.. am waiting for the month to close then go long, target 40k, 50k and 60k by year end