After recent unpredictable news with US descision to launch cruise missiles on a Syrian base uncertainty favored at markets and of course safe haven assets made a rally. Gold was up 1,2% but retreated recording now only 0,26% rise. Now we can see gold trading inside of a channel created by it's 200 Moving Avearge as an upper channel line and it's 200 Exponential Moving Average.
TECHNICALS We can see the 200MA acting as resistance at 1260$ area.(Black line) Also the 200EMA acting as a support at 1233$ area.(Orange line) We have though a cross from 200EMA to 200MA which is a bearish sign. I remaining short the targets are on the chart and at my article below. HAPPY TRADING GUYS!!
交易進行
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To put it simply if gold breaks 200MA upwards it's bullish for gold and if breaks downwards the 200 EMA is bearish for gold.
評論
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Huge hammer candle for today and we can see the power of sellers coming in those levels,bearish sign.
交易結束:達到停損點
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Thank you Trump keep ruling the world through Twitter...
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T2 AND T3 WILL BE REACHED SOON WITH THIS PRICE ACTION.