parsafakhar

parsafakhar Updated 

there is a good chance for downtrend

parsafakhar Updated 

this is pretty ideal, everything can be seen in the chart

parsafakhar

the title says it all!

parsafakhar

yeah i'd say it's time to buy

parsafakhar

i feel compelled to point out i haven't traded Gold ever and i was told its Technical Analysis is a little different than Forex but in case my friend is wrong, i'd say there is a good chance we see price to fall even lower

parsafakhar

1- Price broke down a couple of 4H trend line 2- Price is trying to come back after breaking the Weekly Trend line (Black Lines) 3-Awesome Oscillator Signals change of Direction 4- MACD is bearish 5-RSI is 35 which is Bearish Territory 6-Price Tested the 144 Moving Average and couldn't break it

parsafakhar Updated 

Everything Is Clear, in 4H Timeframe we reached a Strong Resistance and it's not gonna break it, Go Short and Enjoy the Profit

parsafakhar

everything is clear, wait for MACD and EMA 144 confirmation if you are afraid to enter now