Hello Traders
First of all, I would like to congratulate whoever followed the idea of the day and made good profit.
The idea was to buy from the price above 1917.57, and as I mentioned the price will face strong resistance at 1923-1925, and if it is breached, the price will head to the next resistance, which is 1930.
The reversal was from the price of 1926.07, and if you notice on the H3 timeframe, the MA200 formed a resistant and point of reversal.
Please be careful because it is clear that gold is still bullish, and this does not prevent it from retracement and falling to the levels of 1910-1918, as the price of 1917.57 was a point of resistance and now it has formed a point of support and its breach to the downside will take the price to the levels of 1910-1900.
Tomorrow, after the opening of the Asian market, I will study the price action and publish a new idea.
Cheers!
First of all, I would like to congratulate whoever followed the idea of the day and made good profit.
The idea was to buy from the price above 1917.57, and as I mentioned the price will face strong resistance at 1923-1925, and if it is breached, the price will head to the next resistance, which is 1930.
The reversal was from the price of 1926.07, and if you notice on the H3 timeframe, the MA200 formed a resistant and point of reversal.
Please be careful because it is clear that gold is still bullish, and this does not prevent it from retracement and falling to the levels of 1910-1918, as the price of 1917.57 was a point of resistance and now it has formed a point of support and its breach to the downside will take the price to the levels of 1910-1900.
Tomorrow, after the opening of the Asian market, I will study the price action and publish a new idea.
Cheers!
評論:
Yes!
