Gold @Strong Resistance ,Fall is likely ;LBLS indicator Analysis

2019年7月24日

Looking at the chart at 1 hour interval clearly shows the price could not make above 1440 for three times which means the price is weaker and Gold price will go down.

LongBuyLongSellIndicator as well shows there is a good oppurtunity for short between 1430 to 1440 levels.

In the coming days Gold will see selling pressure.

Remember :
The LBLS indicator analysis is one of the easiest methods to recognize the price moves and usually quite reliable.

In General no trade occurs the way we want it to touch 100% right. if we can predict entry 6 out of 10 correctly ,we will win the Game whatever be the indicator used.

MONEY MANAGEMENT is the secret to make money and create wealth over a period of time. Every drop count makes ocean ,Every right choice you make creates a Rich.



If you are winning an average of 60% of your trades with strict money management, you are going to win the Trading Game for Sure! Take out the emotion ,Practice disciplined trades.

with the rules of the indicator and price action ,This looks to be a good short at this point of time. Share your views in comments section.

• Remember for right entry point
  
• Remember for Stop Loss
  
• Remember for partial take profit
  
• Remember for closing the remaining profit
  

The Main Script behind the Analysis:

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2019年7月28日

註釋

Gold moved low