Gold reversal at the strong resistance and will go downwards

2021年4月4日

This is my first technical analyses without any knowledge or study before (just analysed some traders past few days and did some Google-research).

Forecast based on:
- Intersection of downwards trendline with resistance level = strong resistance
- NFP developments

2021年4月6日

交易進行

Still believe that Gold can not break out through the strong resistance zone given in Red.

2021年4月7日

交易進行

2021年4月9日

註釋

Since Gold could not break trhough the strong resitance zone, I expect a fall downards to the first level (1) 1741.01; --> when breaks --> second level (2) 1734.20; --> when breaks --> third level (3) 1730.11; when breaks --> 1720.52.

2021年4月12日

交易進行

2021年4月16日

手動結束交易

Price broke through the strong resistance zone, there are few fundamental news so hard to make forecasts based on technical analyses.