JULY Monthly Line -wave chart with 4$ rule for new comer's
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Guy's ( New Comer's ) we are still in Super Bullish mode which is in continuation now.. but this continuation is limited as of July because most of the countries are opening from the lock down of Covid 19 and the Demand & Supplies are expected to rise by end of July so gold will definetly rise and then go down to look for support imo. So be prepare for downside trend very soon in this month of July 2020. GL
Daily range should be watched closely by new comer's to understand the trend. Do not go out of daily range take the profits within the range and come out of the trade for next day. And if your equity is small then follow the 4$ rule always.
Daily range should be watched closely by new comer's to understand the trend. Do not go out of daily range take the profits within the range and come out of the trade for next day. And if your equity is small then follow the 4$ rule always.
Nota
Today's Range 29$ Upper side 1784, 1788 ext 1792 downside 1777, 1771 ext 1763 .. 4$ rule applied 200$ buffer for every 1 lot of 0.01 to be maintained GL ( This was today's range ) from tomorrow onwards all the Daily range will be updated here.Nota
Today's Range 18$ upper side 1775, 1777 ext 1785 downside 1768, 1765 ext 1761 .. 4$ rules applied, 200$ buffer for ever 1lot 0.01 to be maintained. GL.Nota
Today's Range 28$ Upper side 1784,1792 ext 1796, Down side 1770, 1768 ext 1765... 4$ rule applied for New comer's, 200$ buffer should be maintained for each 1lot of 0.02. GL guysNota
Hi Guy's ( New comer's ) Today's i am sharing my logic regarding the current situation of the world due to covid19, trade deficit towards china , Different Chart forum's, News and current world supply / demand .. based on all these i view Gold price will act in 2020. So lets first cover up one by one 1). Current situation of world due to Covid 19 :- Most of the country are still retrieving from lockdown situation and getting things in normal conditions as soon as possible so that they can boost their closed internal businesses and for that they are either waiting for stimulus pacakages from the govt side.. if their govt have it or their govt is waiting to get from world monetary fund - whichever name s you understand from it (IMF etc ) .. as i am not so big economist.
2). Trade Deficit of every countries towards china :- As you know in 25 years of time. china have become the global factories of the world.. and above 75% of the world materials are produced in china and 75% of all the countries big brands are having their investments and factories in Wuhan. and these 75% of the countries trade deficits are almost importing 50% higher then they export to china or other countries. Country like india is also dependable on chinese good.. now if you see the report of Times, Forbes, BCC and other reputate firms.
Nota
3). Different Chart Forums & News channel : I take this topic to explain my views at the end.4). Supply & Demand : Due to this pandemic of Covid19 and the sudden close down of countries internal states and local markets most of the world Govt and its internal state are still identifying that which place the supply is needed and which place the demand of this supply is more so that they can cover up the needs in time. where as if the needs are rectified by the internal state people.. the global world factory ( china ) is not able to supply the need of the countries in a very short period of time. Now the situation is that.. even the well organised Countries of the world are not knowing how to tackle these problem ..where most of the countries are in partial lockdown and trying to retrieve from it.
Nota
Some of the world super six countries rectified this problems. 4 to 5years back... but none of the world countries.. took seriously .. and when Covid19 hit the world.. then these countries started blaming each other.. so now as usual big fish always sit for this type of things to happen so that .. they can gain as much as they can, so this time Pharma , FMCG , Private Hospitals, Insurance , Digital Currency Exchanges & New Channels are making ton's of money.Nota
Blockchain technology companies are aslo one of the fast growing companies in this pandemic situation. Because most of the tech guy's are doing their job from home.Nota
Oil - Most effected companies due to global lockdown is Tourism , Auto industries, Sports, Entertainment, Retail markets, Resturants, fintechAll these are pushing gold towards, 1800 + But in the mean time if you see the other side of the companies which are gaining.. they are balancing the gold price and taking it up phase wise.
Nota
NEWS CHANNEL & Different Gold Chat forums are giving hype for gold that it will reach 1900 $, 2000 $ and above.MY VIEW : YES ! it is possible but it won't go straight to 1800, 1900 or 2000 without any correction, remember from last 6 years we were consolidating from MAR 2014 to FEB 2019 and then going upwards for new highs which is now at 1790 and before reaching to 1790 the price dropped till 1670. so keep in mind that the next big drop will be below 1670 to 1686 or 1652 below.
Conclusion : My view is that we should always maintain 200$ buffer for every 1 lot of 0.01 trade which is 1% of your investment. And whenever this 200$ buffer is decreased you have to top it up to that level . Because if you ppl see the lowest price which fall down from 1921 was 1046 and the lower high are 1122, 1160, 1266, 1445 & 1451.. so right now for this month of July 2020 we have to prepare for fall 1741,1718,1688 ext 1658. In btwn we can see the price reaching for 1788, 1792, 1804,1818 ext 1827.
Nota
I again say, to all new comer's or those who are following me.. please follow to learn and be a leader in future .. don't follow to be a follower. Because follower's are chicken.. and they will pass down these legacy to their children's also. So don't follow me.. learn as much as you can and be a leader. Good luck guy's see you all soon on Monday :))))))) Love you all.Nota
Guy's (New comer's ) we stick to our last Friday figure - Daily Range. Upper side 1784,1792 ext 1796, Down side 1770, 1768 ext 1765... 4$ rule applied for New comer's, 200$ buffer should be maintained for each 1lot of 0.02. GLNota
Today's Range 21$ Upper side 1788, 1792 ext 1795 Down side 1782, 1777 ext 1775 .. 4$ rule applied for new comer's and 200$ buffer to be maintained for every 1 lot of 0.01 volume (1% of your investment ). GLNota
Today's range 22$ Upper side 1798, 1802 ext 1807 down side 1792, 1788 ext 1785 .. 4$ rule applied for new comer's always. 200$ buffer to be maintained for every 1lot of 0.01 volume. GL guy's keep your eyes on RSI 30min TF always. and always concentrate on your equity and the chart from where you have taken the trade and set your tp for it.. and SL.. don't get distracted.. from any other ppl tp set or sl...Nota
Hi Guy's Today's Range 40$ Upper side 1815, 1819 ext 1827 downside 1801.50, 1796, ext 1785... 4$ rule applied for new comer's and 200$ buffer to be maintained for every 1 lot of 0.01 volume .GLNota
Today's Range Upper side 1805, 1811 ext 1819, Down side 1795,1791 ext 1785 .. 4$ rule applied for new comer's , 200$ Buffer to be maintained for 1lot of 0.01 volume . GLNota
Today's Range 41$ Upper Side 1808, 1818 ext 1826 Down Side 1795, 1789 ext 1785 ... 4$ rule applied for new comer's and 200$ buffer to be maintained for 1lot trade of 0.01 volume. GLNota
Guy's we stick to our yesterday range Upper Side 1808, 1818 ext 1826 Down Side 1795, 1789 ext 1785..... 4$ rule applied for new comer's and 200$ buffer to be maintained for 1lot trade of 0.01 volume. GLNota
Guy's not much difference it has made till now.. price is moving in the same range as MON & TUE so we have to stick with the same range as before no changes at'll, Upper Side 1808, 1818 ext 1826 Down Side 1795, 1789 ext 1785 with 4$ rule applied for new comer's and 200$ buffer to be maintained for 1lot trade of 0.01 volume. GL
Nota
Nothing changed Guy's , we are still in the same range. Upper Side 1808, 1818 ext 1826 Down Side 1795, 1789 ext 1785Nota
Today's Range 40$ Upper Side 1800, 1803 ext 1808 down side 1785, 1777 ext 1767.... 4$ rule applied for new comer's and 200$ buffer to be maintained for every 1 lot of 0.01 volume. GL note our monthly range is 1827 ext 1838 upto 1652 ext 1641Nota
i am still stubborn with my figures.. i would take the step just after my figures are hit Today's range 20$ Upper Side 1821, 1825 ext 1738 Down Side 1811, 1807 ext 1802. .. Note this stubborness is because .. the price didn't move from the range of 13th July 2020. its still in the same range.Nota
Monthly range which i am following as per my chart published is 1838 upto 1641 GL. Pls maintained 200$ buffer for every 1lot trade of 0.01 ( which is 1% of your equity )Nota
Upper Side 1821, 1825 ext 1738 .. correction ext to be read as 1838Nota
Guy's Sorry that the published chart have gone above the monthly range. .. So please don't follow it anymore.. New chart will be published again shortly after this month. till then i will be posting my daily range. on public chat . Thanks for viewing my chart 3600 above time and giving me 70 above likes.Nota
Note Current Published chart of JULY 2020 is not valid, it has gone out of the range. so please ignore it. i am just using this comments box.. to update my daily range only .. until the next chart is published in August 1st week.Nota
Today's range Upper side 1877, 1882 ext 1888. Downside 1865, 1861 ext 1856 .. 4$ rule applied for New comer's and 200$ Buffer should be maintained for every 1lot of 0.01 volume.( 1% of your equity amt ).Nota
Today's range Upper side 1894, 1899 ext 1908 Downside 1879 ext 1875... 4$ rule applied for New Comer's and 200$ buffer to be maintained for every 1 lot of 0.01 volume ( 1% of your equity amt ).GL
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