GOLD LONG 10.07.2018
Scenario 1: We test and bounce off of the 1246.50 support zone and continue to rally up to 1264.00, closely followed by 1289.00
Scenario 2: 1246.50 support fails, we rally down to the trendline at 1237.5-1240.00 zone, successfully retest and bounce then continue with bullish momentum.
Scenario 3: Break of support at 1246.50 and break of trendline at 1237.5-1240.00 and continue with bearish power.
I am biased for long as there is much manipulation in the market thus bringing such low gold prices. As i wrote in a previous analysis, i am still expecting 1400 to be broken this year, this is prime price range for long setups. Monitor closely for some good profits.
Scenario 2: 1246.50 support fails, we rally down to the trendline at 1237.5-1240.00 zone, successfully retest and bounce then continue with bullish momentum.
Scenario 3: Break of support at 1246.50 and break of trendline at 1237.5-1240.00 and continue with bearish power.
I am biased for long as there is much manipulation in the market thus bringing such low gold prices. As i wrote in a previous analysis, i am still expecting 1400 to be broken this year, this is prime price range for long setups. Monitor closely for some good profits.
Nota
Price came down to 1247.25 and bounced, possibility of one more downside thrust possible tomorrow.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.