Free Forex And Gold Signals

Salam.Pendaftaran untuk kelas Pattern and Strategies: Forex, Gold and Silver masih lagi di buka. Hubungi saya untuk maklumat lanjut. TQ

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Good day traders!

Gold Daily

Technically;

1. Gold in consolidation pattern; or to be exact in an asymmetrical triangle pattern.
2. The only way to trade such pattern is by using the breakout strategy. And to ensure the effectiveness of the breakout, we should add some filters such as candle attitude and time of the day.
3. Supports are found at psycho level $1700, $1681 (fibo 38.2%), $1666, and key support at $1650. A break from that level would bring more damage to gold’s bull in near term and one should take $1623 (fibo 38.2%) and psycho level $1600 into account.
4. Resistances are found at $1726 (fibo 50.0%), $1750, $1763, $1771 (fibo 61.8%) and psycho level $1800.
5. Prior to last week direction, a break to the downside is more likely to happen. Nevertheless, bargain hunters are setting up their camp at those respective support levels.

Happy piping!

Shufaad

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Trading Philosophy

“True wealth is a byproduct of living a principled life.”

- Garrett Gunderson: is an entrepreneur and author

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