Welcome gold under $1900. now it is sitting on demand area, so wait after it break out low or break out high, with certain confirmation price action we can do either riding the wave go down until next demand/nest supply or waiting gold price go into next demand/spply. as feel comfortable with pullback trade, i will wait price go into next demand/supply and take...
Be careful to trade oil this week, it can be very wide spread because of contract expiration due date. but for daily trade in oil, we just need to wait price go out of the box and calculated high and range is above $1 and see stochastic level which indicated overbought or oversold level in h1 tf. our target is gonna be 0.3 -0.5 cent because this is pullback...
What very nice gold break down, touched lip of demand zone and go up. i saw very nice fresh fresh supply zone around 1950, so gold may be retest that level. its gonna be 1:3 Risk Reward trade. Happy Trade, patient is also strategy.
As we can see, gold price is in the middle beetwen level supply and demand. so next week is gonna be interesting, fokus on that level. we can trade sell on supply with SL above that level or buy on demand with risk below demand level. Hope you all guys can make it profit next week. Happy trading and enjoy. The Theddy Z
Hello Traders, Oil Continued downside moved in $1 range. as US economy improving, oil will have its demand again. But again, wherever oil move on Monday, i dont care. I just find highest possibility its gonna pullback using stochastic Indicator and support and ressistance line. we can take 30-50 point profit. I have drawn the line, lets watch market move on...