Analysis Market on 20th July 2018

Hi Guys..

This morning we just want to share with you about our analysis. How??

First, just open your naked chart on certain market you like it. So, like us, we open our favorite market. Of course gold market to see what analysis we can get this morning.

As you can see, Gold at price $1227.50 its look strong resistance to push gold up. And we also like the pin bar that make price rejection at $1211.50. This is great bouncing guys!

When resistance strong, then have pin bar in support, so what you can see after this? If you take a look another method, there is a signal gold want to make u-turn by using divergence method.

Please take a look at 2 yellow line that we draw between the current price. Based on our analysis, we look into this figure $1217.50 is the last price if market want to make a u-turn. So wait and see okay.

Updated Chart…

There are clear rejection at support $1217.50 that make gold shoot up. If you can see, gold not make a new lower then lowest price, so he will go up follow the rules of O-H-L-C.

Another way, you also can make draw a symmetrical triangle that created in this chart. It is one technique from chart pattern. If price breakout from this triangle, what happen? Now we waiting for next signal.

Updated Chart…

Wow!!

There is breakout at that triangle chart pattern guys. As rules in that technique, if price make a breakout on that line, so price will be go high. In other way we called market will up (uptrend).

Other than that, price also break the strong resistance that we told before this. So what you waiting? This is a good signal guys that gold make a new journey. As you know, must there is something will happened in gold market.

We believed, must one of you  that follow our analysis see the entry or position that you can place right?

Where the position that you can place your pending order before the market go? This is the simple question for swing traders..

1. You can place one pending order buy stop in triangle line. So, if market breakout, so your position will be take it.
2. You also can place one pending order buy stop in resistance line. So, if market breakout, so your position will be take it.

It is simple right?

This is how we analyze and how we trade. 

So, see so soon guys in our next analysis okay. Happy trading and be careful with your trade. 

Just be confidence with your analysis..

©AlgoGold