Hi guys..
How’s your trading? Did you draw your analysis before trade?
Ahha… We just want to share again with you all about our analysis on gold market. Please refer the picture below..
If you can see, after gold market breakout from chart pattern triangle on our analysis before this, he try to move toward yellow zone that we place as our first target. There are many way to get the price target. You can use fibo or look into resistance zone that suitable.
Updated Chart…
First target is hit. Yes!!
Now, price make rejection on the resistance line. So, we waiting for correction. As you can see, we draw line correction with green color. There are 2 yellow zone as first target and second target that we predict price will go by using our technical analysis technique.
But, you also need to pay attention in this moment. When gold make a correction, if he can break price $1219, this is wow factor that gold will find $1200. So, wait and see what will happen after this.
If you a brilliant trader, you will know when the right time for you entry market from our analysis.
- You can place buy limit in resistance line. When market make a correction on that price, automatically your order will be place.
- You need waiting for confirmation before make a decision because market move by their own.
- Check the signal rejection, if strong so market will drop deeply before shoot again. So, take advantage with sell position and put your target by using fibo or support line.
Updated Chart…
Nice guys!
Price stop at yellow zone as our analysis. If candle can break the yellow zone, so we target price will drop to second target in next yellow zone guys.
So happy with our analysis.. Excited to see what will happen after this..
Even though this is the past analysis, but we really happy to show it with you all about how we analyze and we use it to trade..
There are no possible for you to make money by using technical analysis and strategy. If you have your own system, just keep it on track. Don’t put that aside just because your emotion control your self.
Happy trading guys. We will continue our sharing about analysis on others posting okay..
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