Time to BOOK PROFITS?
Ok, so GOLD just reached its first resistance! As I’ve been saying in my latest GOLD analyses, I’m bullish here, and if you missed my last analysis the link to it is below, and I invite you to follow me, and you’ll be updated of our trades and analyses. My TWITTER has a lot of interesting stuff too, that I can’t post here, so check it for yourself!
Everything is going fine with GOLD, it hit its first resistance and now we can expect some pullback. If you like faster trades you can book your profits if you want, and re-enter at the next sign, just like we did with UKOIL (again, link below). Now, it’s nice to take a look at the hourly chart for more information:
We see the price found a resistance at the blue line, which was quickly defeated by the bulls, and now it’s trading between the black and blue lines. I honestly expect a pullback here, and this zone is a strong candidate for that, so let’s keep our eyes open! Now look at the weekly chart:
GOLD it’s almost negating this Shooting Star and may trigger a bullish pivot. That could lead GOLD to our dream target, around the U$ 1.8k as I said in my last analysis, when I showed you guys the monthly chart. So, in my view, it's worth to hold GOLD for a while, because it has a lot of potential.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Everything is going fine with GOLD, it hit its first resistance and now we can expect some pullback. If you like faster trades you can book your profits if you want, and re-enter at the next sign, just like we did with UKOIL (again, link below). Now, it’s nice to take a look at the hourly chart for more information:
We see the price found a resistance at the blue line, which was quickly defeated by the bulls, and now it’s trading between the black and blue lines. I honestly expect a pullback here, and this zone is a strong candidate for that, so let’s keep our eyes open! Now look at the weekly chart:
GOLD it’s almost negating this Shooting Star and may trigger a bullish pivot. That could lead GOLD to our dream target, around the U$ 1.8k as I said in my last analysis, when I showed you guys the monthly chart. So, in my view, it's worth to hold GOLD for a while, because it has a lot of potential.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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