Talk about Gold
This is my personal ideas and the set up I have taken last week. Gold are in Long set up and moving to the "confluence" zone of the RS and downtrend trend-line (1860 - 1865). If the movement reject this zone, we can see the price go back to retest 1795 - 1800.
My last target of this long set up are at 1935 - 1960 - I called this Uptrend Control Zone. Once we see Bull cross above this level and stable for a little time. The uptrend of Gold might continue.
Notice: This is not finance advise. Manage your own risk!
This is my personal ideas and the set up I have taken last week. Gold are in Long set up and moving to the "confluence" zone of the RS and downtrend trend-line (1860 - 1865). If the movement reject this zone, we can see the price go back to retest 1795 - 1800.
My last target of this long set up are at 1935 - 1960 - I called this Uptrend Control Zone. Once we see Bull cross above this level and stable for a little time. The uptrend of Gold might continue.
Notice: This is not finance advise. Manage your own risk!
Comment:
Re-entry zone are still remain at 1790 - 1800.
ATM, Gold are near the confluence zone which could kick it off back to the re-entry zone.
- LONG: No, it is not so wise for long this period
- SHORT: We have not got the Stoploss point (Priority in short term)
=> Just wait for market movement then enter the SHORT signal (In case failed break above the RS)
ATM, Gold are near the confluence zone which could kick it off back to the re-entry zone.
- LONG: No, it is not so wise for long this period
- SHORT: We have not got the Stoploss point (Priority in short term)
=> Just wait for market movement then enter the SHORT signal (In case failed break above the RS)
Comment:
All target reached. Wait for pull back to retest trend line or 1837.5x - 1842.3x
Comment:
Trendline Re-tested at 1852. Wait for the end of this week and see if gold can keep the currently RS turn SP or not.
CFL Trading
Still waiting for re-entry zone 1790 - 1800 when Gold rejected the RS.