G-money
Gold in the next 24 hours End of the year choppiness in the markets are here. Price has been consolidating over my 1750 zone. Price on my intraday level closed bearishly, so I’m gonna be looking to sell around my 1750 zone towards next support at around my 1740 zone.
Gold Sell Limit @1756
SL- 1759
Tp- 1748
Tp- 1742
Tp- 1738
*Only Risk 1-2% of your account
Gold in the next 24 hours ? End of the year choppiness in the markets are here. Price has been consolidating over my 1750 zone. Price on my intraday level closed bearishly, so I’m gonna be looking to sell around my 1750 zone towards next support at around my 1740 zone.
Gold Sell Limit @1756
SL- 1759
Tp- 1748
Tp- 1742
Tp- 1738
*Only Risk 1-2% of your account
CVX - Short term support and resistance1. Fortune_TD, Fortune Banker trend, Fortune Crown stage:
28 Sep 2022, Fortune TD 9 and Force 9 show the trend exhaustion range, the green bar on the previous day shows this is a potential share pull back. .
03 Oct 2022, Fortune Crown red dot reverse from bottom
03 Oct 2022, Fortune Banker trend, green line shows the banker chips flow in from 26 Sep 2022, then short money cross its 5 days average on 03 Oct 2022, potentially a reversal at the bottom.
2. Support and resistance:
the support is the lower price of share pull back signal (green bar), at 140.46.
The 1st resistance is the gap down on 10 Jun 2022, at 173.65.
4. Summary:
Based on above analysis, if the share price hit the resistance 173, and the buy point is 152, short term profit is approximate 11%. If there is no sell signal at the resistance level , then it will develop into main wave.
Disclaimer : no recommendation of buy/sell, purely for TA learning and sharing.
Gold in the next 24 ?Price broke above 1750 but is now playing below 1750 again and is at strong level of support that it had trouble breaking previously. Looking for buys at this level to 1750 before looking for sells to 1700 or continued buys back up to 1762 resistance.
Gold Buy Limit @1738
SL- 1731
Tp- 1742
Tp- 1748
Tp- 1752
*Only Risk 1-2% of your account
Gold in the next 24 hoursPrice broke above 1750 but is now playing below 1750 again and is at strong level of support that it had trouble breaking previously. Looking for buys at this level to 1750 before looking for sells to 1700 or continued buys back up to 1762 resistance.
Gold Buy Limit @1738
SL- 1731
Tp- 1742
Tp- 1748
Tp- 1752
*Only Risk 1-2% of your account