For educational and demonstration purposes only. Trade idea represents fib extension at 127%
hi traders here is my forcast for gold take a look and cotnact us for more info
Profit targets: 1326.71 1334.28 1346.01 Stop Loss: 1314.98 Have a nice weekend, Berk.
Very good long opportunity. Price have tried to break below attempt failed RSI oversold + divergence double topped retracement on previous not so strong supply zone, moving sideways. buy low sell high my bias is very bullish on gold I think price will break above soon rather than later. GOOD LUCK
Tom Demark count gave a green 2 on the daily chart which is a clear buy signal. I expect the bull run to continue for up to 7 more days. Bollinger Bands is wide and Stoch RSI is not oversold so I do no expect a huge increase. We might touch the resistance at 1349 and pull back. Here is my trading idea: Long at: 1331 Take profit at: 1348 Stop loss: 1310
It can be seen that the trend is not strong enough. To get higher, it needs to go down before to earn power.