Gold is staring the move after 3 days of indecision

we are experiencing strong dollar as the fed decision came out not to change the interest rate 2.00 % in the 3Q. this will definitely weakness the Gold.
technically, Gold has been consolidating in a trading range. it is probably to break the down support and go for farther new lower lows. however the odd are for the pair to test the support line and likely make a double bottom then reverse back to continue within the TR.
more update will follow. please be free to share me your ideas too.
Thanks, Khamis Majok

評論:

watch-out, Gold has reached the support line down. take a portion of your profit at this point.( 1211.30) and move your SL to break-even.

評論:

Fundamentally, the dollar loss momentum due to bad job report data, however traders & investors are optimistic about trade war between US and china. and this sounds good for the dollar.
Technically, the pair found the weekly support @ 1204.09 zone. That is why it bounced back to the trading range however it had made an ideal double top @ 1220.39 on 1H chart.
- The odd fever a continuation of the main down trend.
- The pullback was perfect on the 1H chart where it has formed a good reversal down with a confirmation candlestick.
I am shorting this now
* Entry :1215.34
* SL @ 1220.72
* TP 1 1211.30
* TP 2 @ 1205.39
Good luck traders !

評論:

評論:

The pin bar was completely formed.
Now we are on the trade with + 20 pips profit.

評論:

TP1 is closed...

評論:

Trailing stop 50 piont activated