Emas Semerta / Dolar A.S.Singkat
Gold on Correction
It has been 17 weeks since gold has broken the 6 W MAV and now has crossed beneath.
Price action on a weekly basis over the last 3 weeks has been decidedly bearish , and I am considering
a mean reversion towards the 20 W MAV.
I see this as a short term role reversal as the bears take control of price action over the next few weeks.
A short entry is considered at
1. 50% retrace of last weekly candle at 1505.
2. Target - 20 W MAV
3. Stop - above the present weekly candle high.
Risk Reward = 4 +
NB - watch for price action around 20 W MAV , any break here see's 1350 as strong support.
Price action on a weekly basis over the last 3 weeks has been decidedly bearish , and I am considering
a mean reversion towards the 20 W MAV.
I see this as a short term role reversal as the bears take control of price action over the next few weeks.
A short entry is considered at
1. 50% retrace of last weekly candle at 1505.
2. Target - 20 W MAV
3. Stop - above the present weekly candle high.
Risk Reward = 4 +
NB - watch for price action around 20 W MAV , any break here see's 1350 as strong support.
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.