GOLD DAILY SAY :break friday high is powerful buy signal to 1760
as you know gold love fibo61% and 161% so we have 2 scenario
1-break low 1688 and crash to 1600 area : posibility 30%
2-break friday high 1730 and flyup to target : 1760...if it can break big trendline in 1760 can flyup more to 1870 area (fibo 61% weekly chart,,,zoomout chart ,see big green fibo in left)... posibility 70%
let see gold futures daily chart too and big banks open orders
so put buystop in yesterday high and sellstop in low is best idea and wait 7-10 day
we can sell only under red arrow after pinbar apear in 1h-4h-daily chart
DONT USE ICHIMOKU ON GOLD ...ITS NOT IMPORTANT ON GOLD ...I USE ITS DAILY CLOUD FOR DAX ONLY ON GOLD ONLY DRAW IMPORTANT TRENDLINE ..GOLD LOVE TO BREAK THENDLINES AND FLYUP/DOWN
what is important on gold trade?
1- SMA200 (simple moving 200) remove other moving
2-AC indicator accelator occilator on daily chart
3- draw very important trendline on daily then 4h+1h.....
4- FIBO 61-161%
5-when you buy you must must must put SL in last low ...for sell on high ...in gold break last high mean up trend 90% will start if you dont exit with SL you will margincall soon or late
goodluck
1-break low 1688 and crash to 1600 area : posibility 30%
2-break friday high 1730 and flyup to target : 1760...if it can break big trendline in 1760 can flyup more to 1870 area (fibo 61% weekly chart,,,zoomout chart ,see big green fibo in left)... posibility 70%
let see gold futures daily chart too and big banks open orders
so put buystop in yesterday high and sellstop in low is best idea and wait 7-10 day
we can sell only under red arrow after pinbar apear in 1h-4h-daily chart
DONT USE ICHIMOKU ON GOLD ...ITS NOT IMPORTANT ON GOLD ...I USE ITS DAILY CLOUD FOR DAX ONLY ON GOLD ONLY DRAW IMPORTANT TRENDLINE ..GOLD LOVE TO BREAK THENDLINES AND FLYUP/DOWN
what is important on gold trade?
1- SMA200 (simple moving 200) remove other moving
2-AC indicator accelator occilator on daily chart
3- draw very important trendline on daily then 4h+1h.....
4- FIBO 61-161%
5-when you buy you must must must put SL in last low ...for sell on high ...in gold break last high mean up trend 90% will start if you dont exit with SL you will margincall soon or late
goodluck
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