Hello people,
My take on gold is simple, 4h mark we are still bullish but then going down in time frame we can see a stong bear market, which is directly heading towards a strong trendline (trendzone if u prefere) near 2370
Before going there, we go down in time frame again in 30min, there we see
a strongbull market going on, I marked some potential Equal hights (EQH?)
which we could be going for, and as a tp(Take profit) I would be targeting my POI 1H
WHY?
It could be a strong liquidity zone that could atract higher prices
We sa a similar case happening at my upper POI 1H if you take a better look
In smaller time frames again 15min, we could be bouncing on strong smaller zones 2410 which previously kept the price either from going down or up
Let's see, I am sceptic too but I trust my feeling and my eyes
!! This is not a motivation to copy trade, these are my thoughts and ideas only, its all pure speculation, (I still hope you learn one thing or two with my analisis) !!
My take on gold is simple, 4h mark we are still bullish but then going down in time frame we can see a stong bear market, which is directly heading towards a strong trendline (trendzone if u prefere) near 2370
Before going there, we go down in time frame again in 30min, there we see
a strongbull market going on, I marked some potential Equal hights (EQH?)
which we could be going for, and as a tp(Take profit) I would be targeting my POI 1H
WHY?
It could be a strong liquidity zone that could atract higher prices
We sa a similar case happening at my upper POI 1H if you take a better look
In smaller time frames again 15min, we could be bouncing on strong smaller zones 2410 which previously kept the price either from going down or up
Let's see, I am sceptic too but I trust my feeling and my eyes
!! This is not a motivation to copy trade, these are my thoughts and ideas only, its all pure speculation, (I still hope you learn one thing or two with my analisis) !!
Order cancelled
Sl hitMistake was my entry point, missaimed but this could be a better possability for a better enrtry which Is 2408 as a BUY STOP.
I see a strong sell possibility so if this goes wrong we know why
And we'll learn from it
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.