piotr18050

piotr18050

Gig key levels , after a long time depresed

piotr18050

We see gold trading inrange on monday . as usually we see a buildup before a bigger move . If we break lower a test of 1920 key level and lower will suggest an ongoing correction . A break higher will suggest further gains in near future.

piotr18050

We can see gold struggling to break the important 1480 resistance . I expect a fall of gold all the way back to 1445 at least during the following trading days . Although the gold can be heavily influenced by global market stability, news and sentiments in my opinion yellow metal is more likely to turn out bearish .

piotr18050

A daily candle closing under the 1480 level signal a potential of correction to the nearest supports levels 1465-1455 , a bearish move all the way down to the key 1445 level is highly unlikely due to the recent unfavorable trade tensions

piotr18050

If we see a candle close below 1.1 we can expect a move down.

piotr18050

I expect gold to fall back to the key 1445 support as we see more trade optimistic news and usd strengthens

piotr18050

Price broke out off the triangle . pullback expected to 1360 before we can retest this year high.

piotr18050

buy near the support and close when you see that the price is losing momentum and bouncing of the resistance . Then you can open sell and watch it go even lower .

piotr18050

powerful daily level was broken now it is getting ready to drop

piotr18050

Daily candle closed under this powerful level. It might still go a bit up before falling. best place to open sell is close under 126.6 level. this is a trade with a very good risk to reward ratio. SL you can place somewhere above the 26 decembers high. good luck

piotr18050 Updated 

gold is bouncing on that key 1253 lvl . if it gets enought force due to correction it can burst throught that lvl and fall down to 20.12.18 low ;) also news make it look like it

piotr18050 Updated 

open sell entry

piotr18050

Signal might occur after Horton that 1.131-1.132 spot

piotr18050

Signal to say might occur around 1.131-1.132