The trend is your friend..
Updated
The current trend is very bullish. Fundamentals playing a role. Gold remains a safe assets during wars. In my last analysis i notified the montly timeframe were we cuyrrently broke out the major ranging market. It is posible that we will stay in a bullish trend for longterm with targets 2400 and 2500 in the long run.
Priceaction remains important. Selling can become a losing strike very easily. But this doesnt mean we can't sell the market. We should pay attention to priceaction. Proper reversal pattern can give indication the trend is reversing. But be cautious with selling, because with every pullback we can see a very strong bullish momentum in return. Buyin the lows seems more reasonable in the gold market. Wait for proper confirmation to take any trade. SElling or buying.
>The arrows are not a signal. But a posibility<
resistance: 23,49, 2364, 2400(psycological)
support: 2342, 2331, 2321
Priceaction remains important. Selling can become a losing strike very easily. But this doesnt mean we can't sell the market. We should pay attention to priceaction. Proper reversal pattern can give indication the trend is reversing. But be cautious with selling, because with every pullback we can see a very strong bullish momentum in return. Buyin the lows seems more reasonable in the gold market. Wait for proper confirmation to take any trade. SElling or buying.
>The arrows are not a signal. But a posibility<
resistance: 23,49, 2364, 2400(psycological)
support: 2342, 2331, 2321
Note
AFter confirmation we sell the market profitableNote
Can we expect a proper pullback or reversal? 2305 support is a important support zone to tell us more about the next trend. Below this level we can expect a good fall. But i am expecting bulls to not give up so easily on this level. Wait for priceation confirmations before entree any trade.
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