Hello all,
Sorry for the late posting i was just busy analyzing some trades today, using different strategies, as i indicated yesterday and sometimes last week, we are expecting a long fall which we are currently experiencing.
Today's analysis
I actually expect the current price to fall towards the previous support zone @ $1820 and it might possibly extend further to 1813, when it breaks 1813 this is an indication of a fall continuation, plus using the bollinger band strategy we will be able to identify whatever candle formed below the lower band.
However if the current price does not break 1820 as the previous support then we should possibly expect consolidation or correctional move towards the upside.
Up until then let's gather them BLUES!
Sorry for the late posting i was just busy analyzing some trades today, using different strategies, as i indicated yesterday and sometimes last week, we are expecting a long fall which we are currently experiencing.
Today's analysis
I actually expect the current price to fall towards the previous support zone @ $1820 and it might possibly extend further to 1813, when it breaks 1813 this is an indication of a fall continuation, plus using the bollinger band strategy we will be able to identify whatever candle formed below the lower band.
However if the current price does not break 1820 as the previous support then we should possibly expect consolidation or correctional move towards the upside.
Up until then let's gather them BLUES!
Trade active:
We've identified bulls momentum increase, you can buy when the prices retests back at 1830 for short term target 1838-40 , for long term we still expect a fall as we wait for confirmation.
Trade active:
As indicated in my previous post we were expecting gold to rise if it does not break our previous support at $1820 so it didn't break and didn't even come close and we saw a bounce back towards the upside, i also indicated in my most previous post there was increase in momentum towards the upside and that is what we are currently seeing.
The current upward move is expected to hit 1845 and possibly extend further, Tp's set let's collect the closing blues!
Up until then let's have our blues collected fully.
The current upward move is expected to hit 1845 and possibly extend further, Tp's set let's collect the closing blues!
Up until then let's have our blues collected fully.
Trade active:
Hello All , Today there is nothing much in simple words i'll be sticking with the first idea i posted yesterday until proven otherwise.
Trade active:
Hi Traders, You just can’t miss the upcoming market release, All eyes are on the next Meeting Minutes which will be released today February 22nd at 9:00 PM CAT by the Federal Open Market Committee (FOMC).
Be EXTRA CAREFUL on your trades today
Be EXTRA CAREFUL on your trades today
Trade active:
Until now we have not identified any major breakouts, I'm still sticking to formation but at the same i be scalping..so far so good let's see how big our store is today.
Trade active:
Bears are in control of the Market but their decision isn't final, we may see gold fall back to previous support @ $1822 good Tp lock, for those active currently you can go for it, we'll see the retest only then we will have our final conclusion on the fall we've been expecting since last week.