5th march gold update
Gold was bullish on 4th with hike of 400pips from 2885 to 2927 the last support becomes current resistance after the dip from ATH of 1200pips of ATH 2956.
Today with lotsa high impact news from asian session AUD GDP, Trump speaking at 10 am Asian session, CHF cpi news and lastly Non farm and ISM news. we can expect high vitality rate in the movements for gold.
I've prepared myself 2 possibilities for me to expect and to enter the market when only if gold reach either near support to buy and if break current resistance truly and test the resistance as support to continue its buy.
However, if the support broke lower then i would expect gold to make its retest towards the major support of 2835 and at the same time to harmonize its weekly bearish engulf as a strong supply to head for its lowest fair value gap of 2790-2750
Today with lotsa high impact news from asian session AUD GDP, Trump speaking at 10 am Asian session, CHF cpi news and lastly Non farm and ISM news. we can expect high vitality rate in the movements for gold.
I've prepared myself 2 possibilities for me to expect and to enter the market when only if gold reach either near support to buy and if break current resistance truly and test the resistance as support to continue its buy.
However, if the support broke lower then i would expect gold to make its retest towards the major support of 2835 and at the same time to harmonize its weekly bearish engulf as a strong supply to head for its lowest fair value gap of 2790-2750
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.