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Gold buying opportunity

Por dchua1969

Atualizado

see chart

Nota

Praise the Lord. The price has moved nicely according to plan. Now it has closed above 1477, we can expect it to continue the upward move towards the red diagonal line. Remember to adjust your trailing SL accordingly.

Congratulations to those who followed.

Nota

It is now in the same situation as 20 Nov period, facing resistance at 1476.576. It did retrace nicely on 4 Dec at 0600 hours but was met with a bearish engulfing candle on 1400 hours. Selling seems to subside as you can see the smaller candle bodies.

I expect price to pick up from here and charge towards the red diagonal bearish trend line where the green arrow is pointing

Nota

Praise God, another perfect move ! Congrats to those who shorted Gold.

You can take partial or all profits depending on your strategy. Some support could be expected at 1448.94.

Nota

Nice fall, it is now at 1459.23. There is some support here, if it fails to hold, then we can look at 1448.94. You can consider take some partial profits and adjust your trailing SL. Congrats.

Nota

We are initiating a buy position at 1464

dchua1969

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