BUYING SINCE THE RSI INDICATES OVERSOLD
WE WILL ANTICIPATE IT WILL REACH THE POINT C OF THE PATTER WHICH I MAKE MY TP, AND THEN SELLING LIMIT ORDER AT 1303
NEXT LOWEST PRICE IS 1276, WHICH IS THE CLOSEST GREAT SPIKE
LET'S SEE :)
YESTERDAY WE JUST HIT POINT B OF YOUR PATTERN. 1303.60 - AND EVEN A FAVORABLE DATA FOR GOLD PUBLISHED (HIGHER US UNEMPLOYMENT WITHIN THIS WEEK) AT THAT TIME THE PRICE DID'NT GET HIGHER. THE MARKET DECIDED TO GO DOWN. TECHNICALLY AND FUNDAMENTALLY XAU IS GOING DOWN. ON H4 TIME. SO LET'S WAIT WHERE THE POINT WILL REACH THE BORDER OF THE TRIANGLE. APPROXIMATELY...
ALREADY HIT POINT B=1303.60
NEXT POINT TARGET C= 1285-1288 I TOOK 1288 SINCE I SOLD AND 1288 IS A SURE THING...
ON THE OTHER HAND ANOTHER BUYING LIMIT SET @ 1286 TP IS 1300 BUT ON THE PATTERN I'M EYEING ON
THE 1310 WHICH THE POINT D THEN ANOTHER BEARISH WILL OCCUR.
FOR THE MEAN TIME LET'S FOCUS ON THE POINT C
HAPPY PIPS EVERYONE!
