Breakout to the upside after small drop to the downside movement gold finds room the upside so we buy we go long
Little Revision New Data Predicting Larger Uptick
Double top formation , as we are at our third touch so we expect the market to short. Remember we only need two touches to be able to anticipate where our third touch will be as well as the next impulse will, evolve with the market and know that it doesn`t really have to retrace . And key to enter a good trade is a good chat pattern formation
In EURUSD I can see a double bottom formation to the downside, and obviously we are at our third touch and we expect a short to the downside. We must be able to wait for a clear chart pattern formation and then execute our trades, stop loss never more than 30 pips of risk to your account. trend to the downside, so we move with it to short the market.
Hi all, Thanks for reading my post (in advance). For the very very few that may interested, this is my take on gold currently. You will see my gold chart posted below (daily chart). Some key observations i note: - Price appears to be going higher (i know what you are thinking,... it is pretty obvious) - 61.8 fib price level approaching (approx 1,514). I...