GOLD XAU/USD Week 40 Trading Idea (02/10/2019) More Downside?
GOLD indeed completed its H&S pattern with 153x high as per myn idea post out on previous week
At this moment of writing we already had a 700pips/70$+ run down
1490 1480 previous supp will now act as resistant area
Looking for next land near 1450 to 1440 area with 61.8% fib and weekly ema20 support
Ultimate 1350
Traders/Investors are always advised to DYODD Do Your Own Due Diligence on our following analysis outlook.
These are NOT trade BUY/SELL/HODL call out, but outlook to align my view of the market to your own trade analysis.
These are merely based on our TA Technical Analysis , FA Fundamental Analysis and SA Strategy Analysis.
We want everyone here to have a higher chance of making profit and minimize losses.
At this moment of writing we already had a 700pips/70$+ run down
1490 1480 previous supp will now act as resistant area
Looking for next land near 1450 to 1440 area with 61.8% fib and weekly ema20 support
Ultimate 1350
Traders/Investors are always advised to DYODD Do Your Own Due Diligence on our following analysis outlook.
These are NOT trade BUY/SELL/HODL call out, but outlook to align my view of the market to your own trade analysis.
These are merely based on our TA Technical Analysis , FA Fundamental Analysis and SA Strategy Analysis.
We want everyone here to have a higher chance of making profit and minimize losses.
Price currently now on 15xx Daily ema resistant
If price closed with strong bearish rejection daily candle i looking forward price to head back towards plan of 145x to 144x area
We are still having multiple important data/news coming up with,
SM Non-Manufacturing PMI data today
NFP tomorrow
FED speech