As our chart shows, its fun to find out CHANNEL ABC could always give us the direction of the trend.
Now in this 4H chart for gold, its easy to find out that more up is coming for gold as long as the blue channel is not finished.
Blue channel abc is the wave 3 of the yellow channel , still inside the yellow channel now. But gold could break it up a little b further if gold all goes well. To me , this is a high possibility in April.
So now, at the end of March, gold made its choice by a strong green candle. Long gold for a mid term wth to up to 1290-1300.
Less is more!
הערה
הערה
הערה
retest of the channel.
הערה
is the new channel abc going to finish and a new H&S coming?
הערה
lets check next 4H.
הערה
הערה
we have two possibilities for gold to go .
עסקה פעילה
we closed the long trade. and short again.
הערה
הערה
הערה
this time I want to see a 5waves- trend.
הערה
הערה
if gold cant make a higher position today, we will see its fall from today till next week.
הערה
הערה
plan 1: gold cant get higher than 1260 drop down to 1235-1220 zone go long again.
plan 2: gold get a fake breakthrough up tp 1280 (EXT FIBO 127) go short then drop down to 1240.
anyway, gold is really fragile on the top. WATCH OUT!
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.