Gold Dropped, Recovery?? (Educational)
Whenever the market drops like yesterday the gold market dropped after Covid 19 vaccine news and after that everyone
wanted to know how far his recovery would be and when.
In this situation when you have no support and resistance you can use 20 EMA (Fast moving average)
as a speedy recovery and 50EMA as a Medium recovery and considered as a another Pullback.
100EMA is very slow and steady recovery and used as Stop Loss.
Used this method with Fibo levels.
wanted to know how far his recovery would be and when.
In this situation when you have no support and resistance you can use 20 EMA (Fast moving average)
as a speedy recovery and 50EMA as a Medium recovery and considered as a another Pullback.
100EMA is very slow and steady recovery and used as Stop Loss.
Used this method with Fibo levels.
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