jrichens

Gold - 4h - 200ma - Simple Buy

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Simply buy on the 200ma until it gets broken. If it does break, wait for retest upward of the 200ma and only if fails to get back above 200ma, then close your longs.
Trade active: Keep an eye on the 200ma here, could well break as people sell off heavily, gold can come with it to cover margins, and also look at 2008 crisis, gold fell, but came up after when central banks stepped in with monetary policies.
Comment:
Comment: As the upper resistance came on the lower projected supply line, we could fall down to the lower demand line drawn.
Comment:
Comment:
Comment: As predicted, we dropped below that 200ma, then attempted to get back above it and failed, this is when you should have closed longs for now.

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