Gold Technical Analysis. today's price action, note the position on gold price chart today, the monthly TF condition strong down trend, or the seller power is dominant in monthly, weekly MA is below sd-1 monthly BB, stronger opportunities down in monthly.
conditions on weekly TF medium up trend, because daily MA in normal area above the weekly MA/balance, opportunities rose began to open
furthermore, what steps should be done by day trading? consider the condition of gold prices on the monthly and weekly TF, look back consolidation. First resistance on the sd+1 weekly BB, and sd-1 weekly BB as support. observe the behavior of the price at the check point. if the area marked arrows pierced, prices likely will continue. follow the trend!
| TRADING SIGNAL TODAY | ||||||
| SELL | : | 1580 | BUY | : | 1554 | |
| SL | : | 1586 | SL | : | 1549 | |
| TP | : | 1570 | TP | : | 1564 | |
Have a nice Trade
(please comment about my english, what are you understand?)
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