IMPORTANT-Trade Signals on Gold: It tells you where it's going
Gold has some interesting signs for moving. Some of these signal a small reversal, some a large reversal, some just show that it will move in the opposite direction and give you some pips if you take the trade.
Yellow on the Daily are massive double bottoms or double tops.
There are a lot of double bottoms and double tops on the 1 hr as well. (Green)
I noticed there are some kind of triple top/crown formation which also signaled a reversal. (Pink)
Sometimes, there is a flat top or flat bottom-a zone-followed usually by an engulfing candle stick with a retest. (Purple)
I didn't highlight all of them of course, but take a look at the ones I did highlight.
What do you think?
Yellow on the Daily are massive double bottoms or double tops.
There are a lot of double bottoms and double tops on the 1 hr as well. (Green)
I noticed there are some kind of triple top/crown formation which also signaled a reversal. (Pink)
Sometimes, there is a flat top or flat bottom-a zone-followed usually by an engulfing candle stick with a retest. (Purple)
I didn't highlight all of them of course, but take a look at the ones I did highlight.
What do you think?