Dear traders,
Since i publish this analysis i was think every high is the reason or opportunity for sell. but now i think we have to move on the right side of the chart that we don't know about that.
So, fundamental support this yellow metal and perhaps we can not forecast what happen for Gold.
at this analysis you can see we are in the micro channel inside the big channel. gold reaction on 1244 level on the top side of this channel and it should touch the bottom of this channel.
if you looking on the past the angle of two waves are calculate and result for average has been export with price and date. 1227 for before "Newyork" open.
Main scenario:
i think we can touch 1227 then jump to 1255 first.
Alternative scenario:
i think we can touch 1227 then break to touch 1202.
********************
Sincerely yours,
Pooya Salehipour
Since i publish this analysis i was think every high is the reason or opportunity for sell. but now i think we have to move on the right side of the chart that we don't know about that.
So, fundamental support this yellow metal and perhaps we can not forecast what happen for Gold.
at this analysis you can see we are in the micro channel inside the big channel. gold reaction on 1244 level on the top side of this channel and it should touch the bottom of this channel.
if you looking on the past the angle of two waves are calculate and result for average has been export with price and date. 1227 for before "Newyork" open.
Main scenario:
i think we can touch 1227 then jump to 1255 first.
Alternative scenario:
i think we can touch 1227 then break to touch 1202.
********************
Sincerely yours,
Pooya Salehipour
Trade closed: target reached
Break or bounce?
Lets see what happen