jayflex

GOLD - Fundamental / Decision-Making Analysis

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
Fibonacci Ratios
- 0.786 / Price level: 1310 - 1315
- 0.382 / Price level: 1290 - 1292

See these as key areas for price action, so buy or sell orders could be placed here if the below indicators are fulfilled. Could also use 0.236 & 1 ratios as positions for stops etc


Moving Average 5 Day (GREEN)
- 5 day moving average has cut across the 10 day moving average towards the downside ( Bearish indicator NOT A SELL SIGNAL)

Moving Average 10 Day (YELLOW)
- If the 10 day moving average, along with the 5 day moving average, breaks through the 50 day moving average towards the downside ( Bearish indicator POTENTIAL SELL SIGNAL)
- If the 5 day moving average cuts back across the 10 day moving average towards the upside ( Bullish Indicator POTENTIAL BUY SIGNAL)

Moving Average 50 Day (RED)
- If the price cuts across the 50 day moving average on to the downside ( Bearish indicator) (Currently confirmed)
- If the 5 & 10 day moving averages cut across the 50 day moving average on to the downside ( Bearish indicator - Look for a break of the blue trend line for further confirmation)
- If the 5 & 10 day moving averages stay above the 50 day moving average ( Bullish indicator)

This is not any form of financial advice.

Good Luck

ps. consistency

Comments

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