This is my analysis for GOLD using daily timeframe.
1. Drop Base Rally (DBR) happen when support at 1728.11 rejected.
2. Demand continue uprise and last week movement price making a base until NFP day.
3. NFP data last Friday has making Rally Base Rally (RBR) and price reach resistance zone at 1780 rejected and price back to base.
4. By looking at this I believe RBR setup still valid and it shown gold still has demand.
5. Meanwhile in DXY/USD Index daily timeframe shown price had break bullish candle body. Rally Base Drop (RBD) for DXY is consider valid. Hopefully.
Trading idea.
Buy GOLD, it might retest 1780 again with minimum stop lost below RBR low zone.
Best.
Al-Yaqen
1. Drop Base Rally (DBR) happen when support at 1728.11 rejected.
2. Demand continue uprise and last week movement price making a base until NFP day.
3. NFP data last Friday has making Rally Base Rally (RBR) and price reach resistance zone at 1780 rejected and price back to base.
4. By looking at this I believe RBR setup still valid and it shown gold still has demand.
5. Meanwhile in DXY/USD Index daily timeframe shown price had break bullish candle body. Rally Base Drop (RBD) for DXY is consider valid. Hopefully.
Trading idea.
Buy GOLD, it might retest 1780 again with minimum stop lost below RBR low zone.
Best.
Al-Yaqen
노트
1793.19 is supply zone, TP for current bullish rally from 1750.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.