Almost 4 wks ago, I posted chart for gold - that was when we are in the first resistance (Blue Bar). Now we are on the 2nd resistance (Green Bar) 1312-1316, if break (which I think it will, as I have long position) then it will continue to the top (Red Resistance Area 1347-1350). If Break or Not, I will draw again for new chart. Happy Trading! Trade Safe! :) - OnlyTheBrave
Happy New Year Everyone! My first post this year 2019 for GOLD.
I noticed since last year December 2018, most people predict that gold will drop and fall short and said that market is crazy or stupid. I think they are not looking or they didn't see it in long term. In 1W frame chart we can see that it is forming a CUP (Bowl) and any previous support can be a new...
We are on top of gold 1248 and also got a strong resistance, should come down. If break then heading to 1260. If not, go down to 1240 which my orig TP. If again break then head to blue and purple which is my old position retrace.
The Euro try to bounce to kick off the week on Monday, but quite frankly it is still very negative looking in general, so I think that rallies at this point will continue to be nice selling opportunities.
will it continue the 5H bullish trend? but we have a strong resistance coming ahead on the blue horizontal line. if it breaks it will go towards 1.12095 as per my previous bat pattern. if it holds, we will go down for retracement. what are your thoughts?
