Trading when the breakout is confirmed is safer than catching th
Updated
Trading when the breakout is confirmed is safer than catching the bottom and catching the top
Gold price in the weekend session increased sharply when rejecting the fibo zones, closing the small frame candles past the fibo to continue increasing. This is understandable when the geopolitical situation in the Gaza Strip is fierce.
Next week's trading plan is to wait for the price to break through the lines and then buy, the time is the 17th and 19th, these 2 days will have news, this will be a necessary factor to determine the price of gold. Which direction will it go? Note: anticipate fakebreakouts.
If you want to catch the top or bottom, set up a pending order to buy and sell according to the two plans below.
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In February last year, when the war between Russia and Ukraine broke out, gold prices increased 193 times from 1877 to 2070, hitting 2 peaks and reversing.
So now let's anticipate gold prices increasing for 3 consecutive weeks by 193 to establish a ready psychology when gold prices increase sharply in the next 1-2 weeks.
Gold price in the weekend session increased sharply when rejecting the fibo zones, closing the small frame candles past the fibo to continue increasing. This is understandable when the geopolitical situation in the Gaza Strip is fierce.
Next week's trading plan is to wait for the price to break through the lines and then buy, the time is the 17th and 19th, these 2 days will have news, this will be a necessary factor to determine the price of gold. Which direction will it go? Note: anticipate fakebreakouts.
If you want to catch the top or bottom, set up a pending order to buy and sell according to the two plans below.
---
In February last year, when the war between Russia and Ukraine broke out, gold prices increased 193 times from 1877 to 2070, hitting 2 peaks and reversing.
So now let's anticipate gold prices increasing for 3 consecutive weeks by 193 to establish a ready psychology when gold prices increase sharply in the next 1-2 weeks.
Note
On October 7, the price closed at 1932, war broke out, take 1932+193=2025So I think if the price touches 2024-2028, the Gold price will reverse strongly. This area coincides with the monthly line and box 2.
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