Hello All,
Today I've tried a new analyzing strategy, since GOLD had me f***** for two days in a row in this week ,so i decided to dig DEEPER!
SO in 4hour Time frame you can see Gold is on a downtrend falling big time, the white boxes in my chart have indicated the resistance zones.
In 30 and 45 minutes Time frames we can as well see the downfall, since we predicted this fall earlier towards the end of last week, we actually were not sure of when the fall was to be expected, however i came to realize a different move in Gold it's actually falling on a slow waving and momentum formation.
I identified the next Tp's and ohh Man the fall is certain, we've seen yesterday's TP towards the upside ignored, the same happened the day before, so the waving is now on a slow fall, that's why in one hour Time frame we can see a lot of consolidation.
My Suggestion for everyone who has a better equity give GOLD A long fall entry NOW! and Target 1727 because Gold is seriously falling.
For those with low equity set ups, go on 15 Minutes Time frames identify your Support and Resistance Zones, Use the Symmetrical Triangle and identify your short entry positions, No matter what happens just remember on a Short Period Time Frame, you should always expect a rebounce and rebounces can only be identified by The support and Resistance.
FRIDAY TIP.
LOOK and UNDERSTAND THE PRICE ACTION and everything else will be easier to judge.
WILL BE BACK WITH AN UPDATE and Guys! I'm in for the LONG FALL Currently running profits entry was 1840 Target 1800-1785-1750-1745-1729 and even lower, lot size very considerate and unrisky, entries 5,Stop Loss at 1855,will be updating my TP'S and SL'S as time goes by.
For you SHORT TIME FRAMERS, will be with you on scalping soon.
Up until then wish you all a wonderful blue day and an amazing weekend ahead.
#WISH ME LUCK!
Today I've tried a new analyzing strategy, since GOLD had me f***** for two days in a row in this week ,so i decided to dig DEEPER!
SO in 4hour Time frame you can see Gold is on a downtrend falling big time, the white boxes in my chart have indicated the resistance zones.
In 30 and 45 minutes Time frames we can as well see the downfall, since we predicted this fall earlier towards the end of last week, we actually were not sure of when the fall was to be expected, however i came to realize a different move in Gold it's actually falling on a slow waving and momentum formation.
I identified the next Tp's and ohh Man the fall is certain, we've seen yesterday's TP towards the upside ignored, the same happened the day before, so the waving is now on a slow fall, that's why in one hour Time frame we can see a lot of consolidation.
My Suggestion for everyone who has a better equity give GOLD A long fall entry NOW! and Target 1727 because Gold is seriously falling.
For those with low equity set ups, go on 15 Minutes Time frames identify your Support and Resistance Zones, Use the Symmetrical Triangle and identify your short entry positions, No matter what happens just remember on a Short Period Time Frame, you should always expect a rebounce and rebounces can only be identified by The support and Resistance.
FRIDAY TIP.
LOOK and UNDERSTAND THE PRICE ACTION and everything else will be easier to judge.
WILL BE BACK WITH AN UPDATE and Guys! I'm in for the LONG FALL Currently running profits entry was 1840 Target 1800-1785-1750-1745-1729 and even lower, lot size very considerate and unrisky, entries 5,Stop Loss at 1855,will be updating my TP'S and SL'S as time goes by.
For you SHORT TIME FRAMERS, will be with you on scalping soon.
Up until then wish you all a wonderful blue day and an amazing weekend ahead.
#WISH ME LUCK!
Trade active:
Running Good Profits, MY fall going BIG!
Trade active:
We've seen our bounce towards the middle band and then it fell, so there is still hope for a fall afterwards, unless there is change in momentum and correction patterns seen, for now i'll continue holding and hopefully will be updating my SL'S and TP'S before the close of the Market.
If our current movement ends on top of the middle band and considering the price action, we should expect a correctional move and trade carefully with extra caution, but until then I'm good. Another possible scenario is the break of our trend line at 1837, once we see that then could be a confirmation of correctional move and we should expect to see upward movement.
Hope you all had an amazing day do wish you a wonderful weekend ahead and see you on Monday
If our current movement ends on top of the middle band and considering the price action, we should expect a correctional move and trade carefully with extra caution, but until then I'm good. Another possible scenario is the break of our trend line at 1837, once we see that then could be a confirmation of correctional move and we should expect to see upward movement.
Hope you all had an amazing day do wish you a wonderful weekend ahead and see you on Monday