GOLD BULL
Feb 13, 2020 at 06:14
Przeglądane 727
8 Replies
Feb 13, 2020 at 06:14
Last time i looked at gold (not on here) it was sat at the support area of 1550 area. suggested it could move from there and price has since moved up a couple of hundred pips.
You can see it has bounced from the 0.38 fib a few times, which shows that area is strong on the daily TF.
Whats next? Well i dont know for certain but could we go up to form a triple top? who knows but look out for the top around the 1587 area.
We could then either get a retrace to the 0.38 fib again or even deeper to the 50% rest stop or to meet the .618 and trend for multiple confluences before a gigantic push up. Remember buy low sell high. Look for the spots dont trade in the middle and get caught out
You can see it has bounced from the 0.38 fib a few times, which shows that area is strong on the daily TF.
Whats next? Well i dont know for certain but could we go up to form a triple top? who knows but look out for the top around the 1587 area.
We could then either get a retrace to the 0.38 fib again or even deeper to the 50% rest stop or to meet the .618 and trend for multiple confluences before a gigantic push up. Remember buy low sell high. Look for the spots dont trade in the middle and get caught out
Załączniki:
Uczestnik z Feb 12, 2019
105 postów
Feb 13, 2020 at 06:24
Looking like a triple top as you've pointed out .A drop to the .38 Fib would be a nice move downwards. Either way il try not to get caught ranging !
Uczestnik z Apr 09, 2019
538 postów
Feb 13, 2020 at 20:05
With the impact of coronavirus I think a triple top is likely. Once they get it undercontrol it will probably coincide with a dump to one of the key levels. I honestly wouldn't be surprised to see the 0.5 or even 0.618 level reached before a massive rally
If you can't spot the liquidity then you are the liquidity.
Uczestnik z Oct 17, 2018
103 postów
Feb 14, 2020 at 21:29
Think the corona virus has has an impact but i will be looking at the sell for monday to sell the triple top. the back in for the buy for the next bull run!
Uczestnik z Oct 20, 2018
300 postów
Feb 16, 2020 at 15:49
I`m seeing like 38.2 test before some good gains again.
momchil_slavov@
Uczestnik z Aug 16, 2011
110 postów
Feb 17, 2020 at 07:24
In my opinion the shorters should be very careful at the moment.
Look at the trend-line break on silver...
Whilst generally silver moves tend to lag gold it could be the other way around for a change.
Given the economy, debt, virus and raging stock markets I would be surprised if we see gold below 1500 in the near future.
A logical trade would be the triple top, however we are not in logical times.
Załączniki:
Uczestnik z Oct 20, 2018
300 postów
Feb 23, 2020 at 22:10
I thinik it`s a time for even a small correction for the next pump after it.
momchil_slavov@
Uczestnik z Jul 22, 2013
216 postów
Mar 17, 2020 at 10:23
possible revers - 261 fibo after time - 1450 ...
(up to 1600-1700)
plan B -
if price hit 1420-1400 - possible next trgets -
1300
1200$ ...
===
Załączniki:
SNF-Complex system - build in 2007 \ Tested from 1970.
Uczestnik z Oct 20, 2018
300 postów
Mar 22, 2020 at 16:37
SNF_Complex posted:
possible revers - 261 fibo after time - 1450 ...
(up to 1600-1700)
plan B -
if price hit 1420-1400 - possible next trgets -
1300
1200$ ...
===
This W4 chart looks very promising.
momchil_slavov@
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