I show you the best places to open Sell positions.
I will trade it if the price will be in Sell Zones under Mirror Levels.
Potential profit will be in 3...5 times bigger than risk.
Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!
The chart of the gold shows us a triangle.
It's better to wait now. Good Buy/Sell trades will be after the price will cross the borders of that triangle.
Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!
- As shown in the chart 1488/1490 has previously acted as strong support prior to price breaking lower through it
- This level now appears to be acting as new resistance
- Within the Descending Wedge pattern, price has clearly rejected this level due to the evident wick on the last 4 hour candle
- As shown in the chart gold appears to be forming another Bear flag continuation pattern
- Price attempted to break out to the upside during the release of the US Retail Sale result which came in lower than expected
- The 61.8 Fib retrace of the previous bearish move appeared to have halted the move to the upside and acted as a turning point
- Price however...
If Gold breaks top pink lines Tp red line around 1512. If test top and breaks green lines then back down to bottom of the falling wedge to yellow line.
Good luck and trade safe.
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Pluss I have small...
Bull is trying to break resistance level multiple time, possible short breakout as bear ascending triangle forms while the support is getting higher.
Just my opinion, do your own research before trading.
Using a Daily chart which is a little slower on the action side, it appears a Shiff pitch fork fits the data best. Price action has reached the sell zone, which does not mean price action could not rip higher, but it appears the buying opportunities remain to be seen at what would appear to be lower levels. Hard conceive given the trend to lower interest rates. I...
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