Hello Everyone. I want share my idea about gold.
This week we saw some crazy moves of gold because of USA news. at least we have still bullish trend, Friday it came to Weekly trendline where we saw liquidity swing and strong upside movement same as last 2 touch, which showed me big money still buying gold.
My price prediction is long of gold but until i open my position i would like to see brake resistance LVL at 1946 LVL and after retest it i will open. if i will be right then gold need to brake that weak down trendline, then i will use my stoploss in profit and follow trend.
Here is my 2 price prediction of gold.
1 Bullish - price brake 1946 LVL then retest it go strong up, brake weak down trendline and continue bullish movement.
2 Bearish - Price up movement is not strong, it coming down, brake trendline at 1927 LVL then coming for retest it and continuing moving downside.
This week we saw some crazy moves of gold because of USA news. at least we have still bullish trend, Friday it came to Weekly trendline where we saw liquidity swing and strong upside movement same as last 2 touch, which showed me big money still buying gold.
My price prediction is long of gold but until i open my position i would like to see brake resistance LVL at 1946 LVL and after retest it i will open. if i will be right then gold need to brake that weak down trendline, then i will use my stoploss in profit and follow trend.
Here is my 2 price prediction of gold.
1 Bullish - price brake 1946 LVL then retest it go strong up, brake weak down trendline and continue bullish movement.
2 Bearish - Price up movement is not strong, it coming down, brake trendline at 1927 LVL then coming for retest it and continuing moving downside.
Commento:
Gold is in trouble! it broke weekly trendline. for trend change i think we need to see retest at 1913 where we have weekly Fibonacci LVL.
Commento:
Here is example why you need to have 2 scene when you are in trade here i got stop when i long it, but then i short and i got 5x more profit than lose.
still in this position
still in this position
