carl392

carl392

3 time bottom of support only if it hold mite be a good opportunity for long term. use a tight stop loss

carl392

Gold Bias Mixed; lots of thing to notice. will see if it holds this support of our trend line. will see if we retrace to pivot and will take more actions there(could it hold and go back down or up till tomorrow) . its not quite oversold on 15 min and 1 hour chart . more update on this trade during the day!! Short term position buy at 1328 area with a tight stop...

carl392

take profit area holds below daily pivot 1334.6

carl392

Short gold @ 1344 with a stop loss of 1353 area if daily resistance is rejected @ 1347.6

carl392

Bias Mixed – A good pull back yesterday to support but not a great bounce and looks a lot more mixed today. Technical shows that it could test 1360 area. will keep an eye for more more proof before enter an other position. Rsi oversold on 15 min, 1 hr and 4 hr charts !! also beware of the news for the day; 13:15 U.S. ADP Nonfarm Employment Change; 15:00 ISM...

carl392

This could be the bottom as previous support is now acting as resistance. We have to wait and see if price will hold. Price is in a range. Still we know that bias is down so ill be waiting for pullbacks (1319 area) before i enter a trade!

carl392

-Bias is confirmed as weak following an expected dip. A bounce to 1340 is a stretch but any decent stop would need to hidden behind 1340. Same as yesterday still waiting get into that sell position if gold fail 1338 support area (61.80% Fibonacci Retracement). If so my target will be around 1302.

carl392

Gold is looking good to enter a buy position 1322-24 area if holds and if RSI cant keep up with the price. 1st take profit will be 1337 61.80% Fibonacci Retracement.

carl392

Gold Bias look down. oversold on 15 min, 1 hr, 4 hr Charts. Looking to get into a sell position if gold fail 1338 support area.If so my target will be around 1302.

carl392

Gold is oversold on 15 min, 30 min, 1 hr , 4 hr chart. bias is down, my believes are that gold will retest 1340 if fail we can go back down to 1302 area.