Consolidation state. If you check the weekly time frame you will see the The current price is the same as the price when this the market came into existence. For now, I'm keeping an eye on This consolidation. If it breaks above I'll go for a long.
I have drawn the support and resistance levels ... market is getting close to the next support after that I'll look for buy opportunities.
If you see in long time frame market is been bullish for a very long time and now its time for it to re-trace or correct the market for that I'm looking for sell because in current market seems like it broke a trend line and seems like its gonna go sell now.
Don't have much to say. I can see head & shoulder pattern on 15 chart also in current market and seems like its already started trending on long side.
I am new to trading this is my idea. I hope the market will go this way.
Sell till 106.200. Then later it will go for buy doing retracement..
If it breaks the Support then it might go short for long term other wise it is Long.
It will go sell for long and might go for buy for few times but it will go down to retain its position and get stable. It will reach to 1.06150. This is just my idea.. Mostly my idea don't go wrong lets see how this goes... and for the record i have washed my account 4 times in row not because i didn't know the direction its because i don't have a self control.
Gold is in Dangerous Spot. I will suggest don't make a trade till market Brake Properly. Most of of you think Gold is Buy yes for long term but for right now my guts is telling me, It will go short and market will go down for long time if it does. Follow your own guts not mine okay. I am just newbie started trading month ago. I tried Fibs but it didn't give any...
I am new to this trading please trust your own analysis i might be wrong. This is what i think. If you follow me then don't forget the stop loss. God Bless you. My trade is already on. if you find any mistake do let me know. Thank you.
I am new to this trading please trust your own analysis i might be wrong. This is what i think. If you follow me then don't forget the stop loss. God Bless you. My trade is already on. if you find any mistake do let me know. Thank you.