4196 is buying level.. lets see how it reacts
4211-12 support become resistance now for pullback
4211-12 support become resistance now for pullback
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Make More Money - Eliminate DRAMA 11 replies
Just posting my trades, everyone is welcome but no drama 2 replies
Disliked4196 is buying level.. lets see how it reacts 4211-12 support become resistance now for pullbackIgnored
Disliked{quote} I think things are going as planned in my analysis but i think it does have some room to go down even more .if this moves retraces even 78% i wouldn't be surprised ...cuz if they want to sell they need to buy firstIgnored
Disliked{quote} Gold has pulled back into the 4205-4185 support zone which is the exact retest area of the breakout. This zone has reacted cleanly showing signs of holding as strong demand. As long as price stays above 4185 the bullish structure remains intact and this pullback is considered a healthy retest before the next upward leg. From here a move back toward 4245 followed by 4380. IMO gold might be retest 4190-4200 again otherwise if hold above 4240 then gold will move up. 4200 is still main support atm{image}Ignored
Disliked{quote} Gold retested the 4185 area and dipped close to 4165 which showed strong buying demand. It is still holding above 4200 and repeated rejection from 4185 with support at 4200 shows buyers are active on every dip. IMO gold may stay in a range until the Fed rate decision. The 4150-4250 zone is important for both buyers and sellers and the real direction will be clear after the Fed. If gold drops again in mid December it may push up again from the lows. Lets see.Ignored
Disliked{quote} i typically see price dropping before rallying after rate cuts too, personally staying away from gold until the rate cut to buy at the lows like you saidIgnored
Disliked{quote} after lots of failure.. slowly started tracking the market movement.. before, i cant fix easily when going against me.. now a days. i can able to correct the mistake from the pattern what i learned from experience. i confirmed, invalidation is true.. sure market will take retracement before decide the direction. so, no issue. let me learn more and more to gain knowledge. {image}Ignored
Disliked{quote} Yeah bro that is a common pattern that price dips before the real rally. I am also away from any new entries. My old long positions are still running and will wait for some correcion for more confirmation. Its good to stay away for the time being and wait for a proper entry.Ignored