12pm Time Price marks for GC.
Hope I'm not having an intruder by posting arbitrary charts, but lately picked up gold (I'm fairly new to naked chart trading too) and wanted to share my observations with seasoned gold traders and learn something. Took a market on gold in 1341 I think its 1340 round amount , price has already breached beneath the zone 1341 and the general trend is down and at about 20 minutes something ought to get going till at least London 6GMT I'm trading on a demonion btw if anybody cares.
If you're long be cautious of the major spike on the USDX it might drive gold down should we hold over 89usdx
trying to find the fracture on 17.00xagusd and for gold to drive 1335 and examine 1330.
Maybe not. There's always the reaction ... and then counter reaction. See what following week and later brings.Originally Posted by ;
This mladen's complimentary gift. We may observe the time BELOW the average daily channel price rules outside. Again.Originally Posted by ;
A person here was laughing I'm posting the wrong H4 chart. Because you can observe bottoms and tops are the thing on charts. The center price and the timing will be the 2nd next significant thing...
Now, a weekly channel low cost touch usually means two things:
A. a dip (probably some broad selection, such as in Oct'17-Nov'17)
B. a trend shift (severe)...
don't know which it will be. Cash on the table may flip the direction at any given time...