Hello Traders!!!!!
For those that have been following me on Gold and entered when I announce confirmation for a Bullish run above 1720. Now fold is in a very strong resistance area and it is important that we wit for price action before any sell decision so we don't lose whatever we have made today. I see the possibility of Gold getting to 1845 but that's a 50% chance as we are already in the oversold with Stochastic indicator.
If you check the 15mins time frame, you would see a volume breakout which shows that price may begin to fall any time soon. But hey, this is Forex trading, no one owns the market, breaking news and fundamentals can change the game, and the reason why patience is key. The market will always be there for us to make money so we need not be in a haste.
I will advise we all wait to see how the daily candle closes before we take a buy or sell decision.
If I see a close above 1845 , I will increase my patience level for a sell.
For now, pay yourself from the money you have made.
Happy trading!!!!!!
For those that have been following me on Gold and entered when I announce confirmation for a Bullish run above 1720. Now fold is in a very strong resistance area and it is important that we wit for price action before any sell decision so we don't lose whatever we have made today. I see the possibility of Gold getting to 1845 but that's a 50% chance as we are already in the oversold with Stochastic indicator.
If you check the 15mins time frame, you would see a volume breakout which shows that price may begin to fall any time soon. But hey, this is Forex trading, no one owns the market, breaking news and fundamentals can change the game, and the reason why patience is key. The market will always be there for us to make money so we need not be in a haste.
I will advise we all wait to see how the daily candle closes before we take a buy or sell decision.
If I see a close above 1845 , I will increase my patience level for a sell.
For now, pay yourself from the money you have made.
Happy trading!!!!!!
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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.
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.