if you followed my last post on gold you can notice price finally closed below my baseline , declined.
and hit my support level targets.
although I expected from 1940 price will drop however the main key level was closing above or below
the baseline on my chart. this is important we have a baseline strategy to manage our trade.
now the strategy would be the same based on my new baseline around 1903$.
closing below the baseline meaning more downward pressure has to come. also on MACD 12H setting
MACD line is closing below zero level meaning more downward pressure could happen soon.
however closing above the baseline may invalidate our strategy temporarily.
Enjoy the market
and hit my support level targets.
although I expected from 1940 price will drop however the main key level was closing above or below
the baseline on my chart. this is important we have a baseline strategy to manage our trade.
now the strategy would be the same based on my new baseline around 1903$.
closing below the baseline meaning more downward pressure has to come. also on MACD 12H setting
MACD line is closing below zero level meaning more downward pressure could happen soon.
however closing above the baseline may invalidate our strategy temporarily.
Enjoy the market
تم فتح الصفقة:
declined after some consolidation as expected.
تعليق:
our main support broke and declined. so I expect the support area will be tested.
أغلقت الصفقة: تم الوصول للهدف:
congrats, our main target area hit.
تعليق:
exactly on the lowest support level as I expected.... trading completed
