Hi guys.
Here we continue our analysis n gold market. If you want to read our analysis before this, just click Analysis Market in our homepage website okay..
Based on this picture, you can see the market still playing within channel and price touch $1200 again.
This channel analysis still in down trend mode for short and mid term period. But, you need to monitor where price will go after touch the support $1200. Either he will bounce or break at the support.
Updated Chart…
Look! Price break the upper channel line. This is sign of market want to change the trend. Add on, the yellow zone that we drawn become thicker. This is also others sign for changing trend.
So, did gold market will change from downtrend to uptrend?
Updated Chart…
If you notice, the signal for the market is great. Look, the trend line broke up 2 times. Its strengthens that market will change from down trend to up trend for short to mid term.
You can entry after the breakout and put the take profit at yellow zone. Or do the others strategy for take profit. And don’t forget to put your stop loss.
Updated Chart…
Now you can see market movement from down to up trend. We drawn another trend line for checking the trend. If candle break this trend line, you should be careful because its maybe change the trend also.
But right now market still on uptrend mode. So, you can entry buy in this situation.
Updated Chart…
We drawn new channel in this chart. You can see that price playing within the channel. From this situation, you can entry use scalp technique in and out with 100 pips.
Updated Chart…
Gold market break the channel line that we drawn with strong momentum. You can look at the candle. Bollinger band also show the bend for the market. This is early sign of bearish. Price now move in second channel.
Updated Chart…
One more time again, gold market breakout the channel. It strong candle with more seller.
Updated Chart…
Wow.. This is the wow factor. Look how market move and you easily can make money with every entry from every breakout. Price move to yellow zone that be our support zone.
When the market in trend, you can easily trade with the trend. If uptrend, you can entry buy. If downtrend, you can entry sell. Just make sure where you want to put your target profit. If you don’t want to take 100 pips, you can check where the near support and resistance zoning for the price.
So, thats all for this analysis. Hope you enjoy it. See you again okay..
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