Wait for price action signals before joining the Bull
Looking back my post on 10th June 2019:
We had a great week with Gold. It went exactly as my analysis.
My two orders at 1323 and 1328 have been filled and reached the target at 1357.
So now what’s the plan for this week?
Weekly Chart:
A big doji with rejection of low price at 1320 and high price at 1357
Daily Chart:
An extremely bearish rejection candle at key level 1357 as I mentioned in my previous post. (That actually was the all-time high zone from 2017 till now)
Watch out:
1. There might be a retest at zone 1323-1329
Action:
1. Protect your capital, do nothing first and waiting for price action signal to determine the right entry to join the Bull somewhere around 1323-1329
2. Our targets for this week might be 1357 (again) or might be not (^_^) and 1375 (all-time high zone of 2015-2016)
3. If gold could break and hold above key level at 1357 then it is likely to reach our new target at 1375
Stop Loss:
Always set your SL
We had a great week with Gold. It went exactly as my analysis.
My two orders at 1323 and 1328 have been filled and reached the target at 1357.
So now what’s the plan for this week?
Weekly Chart:
A big doji with rejection of low price at 1320 and high price at 1357
Daily Chart:
An extremely bearish rejection candle at key level 1357 as I mentioned in my previous post. (That actually was the all-time high zone from 2017 till now)
Watch out:
1. There might be a retest at zone 1323-1329
Action:
1. Protect your capital, do nothing first and waiting for price action signal to determine the right entry to join the Bull somewhere around 1323-1329
2. Our targets for this week might be 1357 (again) or might be not (^_^) and 1375 (all-time high zone of 2015-2016)
3. If gold could break and hold above key level at 1357 then it is likely to reach our new target at 1375
Stop Loss:
Always set your SL
