Simple analysis for Gold to continue dropping to the Supply Zone @1828.
Confirmation.
1. Breaking Support once again @1838.50 Closing below it and rejected afterwards.
2. Retest and rejected.
3. EMA's Acting as resistance both (9&21) Keeping the sellers momentum strong.
4. USD seems to possibly gain strength showing signs of reversal for EURUSD and USDJPY. Giving me a feeling it will continue dropping.
CONS: Since this is the last day of the week buyers may want to close this candle with a wick so can get stopped out.
NOTE: Very SMALL RISK
Confirmation.
1. Breaking Support once again @1838.50 Closing below it and rejected afterwards.
2. Retest and rejected.
3. EMA's Acting as resistance both (9&21) Keeping the sellers momentum strong.
4. USD seems to possibly gain strength showing signs of reversal for EURUSD and USDJPY. Giving me a feeling it will continue dropping.
CONS: Since this is the last day of the week buyers may want to close this candle with a wick so can get stopped out.
NOTE: Very SMALL RISK
Nota
Trade is now risk free after dropping 20 pips+Dagangan ditutup secara manual
TRADE HIT RISK FREE, OUT going to bed since its 10:36pm. Rather wake up to NY session with no open trades.
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.