Buliish with a little Retracement. Cheers !
LOOKSLIKE ANOTHER REVEARSAL OF GOLD. PICTURE HAS ENOUGH INFORMATION.CHEEERS !
ONLY TRADING ON THAT AREA, BE DISCIPLINE AND PATIENT ! CHEERS !
So the price turn back to a bearish trend just like 3 weeks before, SELL AREA I is 1284.00 SELL AREA II is 1227.73 SELL AREA III is 1271.46 and SELL AREA IV is 1267.58 ,The price will moves around that area and possibilities to make an order between that area. If the price breaks up the Resistence at SELL AREA I so maybe it will back to its bullish trend and wait...
Yesterday had an issue, the price bounce up from a Weekly Support and break the Resistence. Now the price is on between 1277.If breakdown this area so i hope it goes to 1271. If the price rise up and bounce from 1277 it will reach 1282. If the price breaks this line so close all order wait for another confirmation, big possibilty to change the trend. Cheers !
The Picture has enough Information. Its been 2 weeks since the trend is bearish. And i hope it will last for another 2 weeks more. Cheers !
The price is trying to breakdown the Weekly and Daily Support at 1271 (Unfiortunately they are on the same area). Big chance to has a little retracement for a while, because The Weekly Trend is still bearish its stiil go down all the way, ready fir some limits order. If the price can break this Support during the session so the target is 1268.58 or if the trend is...
Still tryin to breakdown the daily support. target 1260.0
Price trying to breakdown the daily support, after 3 times trying, hopefully it can work well, hold position until the trend changes.
BE CAREFUL WITH THE VOLATILITY OF THE PRICE. THE PICTURE HAVE AN ENOUGH INFORMATION. CHEERS !
So far welcoming the Downtrend, only take the short order.
Only Trading on that Sell Area, Daily Trend is Bearish. Strong enough to Breakdown the Daily Resistence. Heading down the 1270.
Weekly trend is 'weak' bearish trend, be careful of the unpreditable news for this week,especially for US News.