Point D at about? 1640? something?
Hi clixmoneyacc,thanks You for Your interest, I temporarily switched to daily chart just to show price reaction on 200 sma, and to see past support-resistance lines, we will switch ti H4 very soon. By the way I use D as my setup chart
Since a Daily Fib Extension has been hit @ 1675 we can anticipate bullish gartley retracement on the 4H time frame.
I base my analysis on consolidation brake out. Looking at the H1 time frame you can see weakness with the beginning of this week session, followed up by the solid bearish candle and a pull back. Daily time frame trade from last weak has reached target one level and struggled as expected, it is a time to move again. I also think our 1675 target is very possible to be reached. I have closed 2/3 of my trade already and reopened one lot at 1688
yes, entry 1691 exit 1675 and I wonder if we should trade it or let it go. What do you think?
I'm sorry i missed out on this big move and to make it worse we have been expecting 1675 to get hit now for the past 2 weeks
so guys what do you think of this week of trading? so far I am shorting at level 1690 Target 1678 but I might close sooner
http://postimage.org/image/h1itowirz/
short gold I'm still maintaining the limit of 1675
Today Gold is in range between 1694 and 1700. At least I'd been waiting for breakout, but maybe not because is Friday and for several hours the market will close I generally do not trade at this time
no more trading for me this week . Weekend
I think our target for today for gold is 1675. We have positive economic report from the USD causing metals to go down.