GOLD Double bottom pattern
GOLD Double bottom pattern continues the processes
As we suggested last week, gold is in a double bottom pattern.
Our first target price for gold is the same 1814.014 even if the failure of this important level can bring new records for gold
XAUUSD
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This strategy is based on trend lines, Fibonacci pivot levels, and moving averages.
When trading, please pay attention to the following points:
1- The moving average used in this strategy is with a period of 144.55 and exponential type.
When both moving averages are below the price and the moving average of 55 is above 144, it means moving uptrend.
When the moving average is above the price and the moving average 55 is below 144, it means a downward trend.
When the moving average and the price collide with each other or the arrangement of the moving average is not in order, it means that the market is neutral.
2- In this strategy, the entry point, as well as the price targets, have been determined based on the trend lines, price channels as well as Fibonacci Pivot levels.
3= As long as the price fluctuates above the Pivot price level, our expectation is ascending due to the average moving arrangement, and if the price fluctuates below this level, we expect a downward trend.
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To trade in financial markets, please pay attention to the following points due to high risks:
- Using Leverage is like a double-edged sword. If you use this tool, your trading risk will be higher.
- Technical analysis is to know the past of the market in order to predict the future trend of the market. In technical analysis we expect the past to be repeated, but price fluctuations are based on supply and demand, and fundamental news plays a very important role in changing supply and demand.
- Trading in financial markets through the Internet, although it has very good speed and high accuracy, it also carries risks such as disconnection from the Internet, so it is necessary to determine the profit and loss limits in transactions.
- Greed and fear are two important factors in making hasty transactions and will increase your risk of loss.
- A professional trader is waiting for his prey like a sniper and will only fire one shot, but a machine gun shooter with the wrong shooting does not pursue specific times and goals. Act like a sniper in the trade.
As we suggested last week, gold is in a double bottom pattern.
Our first target price for gold is the same 1814.014 even if the failure of this important level can bring new records for gold
XAUUSD------------------------------------------------
This strategy is based on trend lines, Fibonacci pivot levels, and moving averages.
When trading, please pay attention to the following points:
1- The moving average used in this strategy is with a period of 144.55 and exponential type.
When both moving averages are below the price and the moving average of 55 is above 144, it means moving uptrend.
When the moving average is above the price and the moving average 55 is below 144, it means a downward trend.
When the moving average and the price collide with each other or the arrangement of the moving average is not in order, it means that the market is neutral.
2- In this strategy, the entry point, as well as the price targets, have been determined based on the trend lines, price channels as well as Fibonacci Pivot levels.
3= As long as the price fluctuates above the Pivot price level, our expectation is ascending due to the average moving arrangement, and if the price fluctuates below this level, we expect a downward trend.
//////////////////////////////////////////////////////////////////////////////////
To trade in financial markets, please pay attention to the following points due to high risks:
- Using Leverage is like a double-edged sword. If you use this tool, your trading risk will be higher.
- Technical analysis is to know the past of the market in order to predict the future trend of the market. In technical analysis we expect the past to be repeated, but price fluctuations are based on supply and demand, and fundamental news plays a very important role in changing supply and demand.
- Trading in financial markets through the Internet, although it has very good speed and high accuracy, it also carries risks such as disconnection from the Internet, so it is necessary to determine the profit and loss limits in transactions.
- Greed and fear are two important factors in making hasty transactions and will increase your risk of loss.
- A professional trader is waiting for his prey like a sniper and will only fire one shot, but a machine gun shooter with the wrong shooting does not pursue specific times and goals. Act like a sniper in the trade.
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