0810 8H GOLD new leg down to 1680???
Updated
Hello traders,
Last idea price action of GOLD sent us a signal that it might break the trend line to rise up again .
This idea looks weak before NFP today. Buyers would not risk to open position before that, so do sellers. And on the right 8H chart, once it got a confirming signal closed 30m after NFP, it should looks like channel trend continuation down to test the bottom support zone for sellers. And GOLD is looking still bearish on wkly chart, so this 8H confirming signal will support the bearish idea on wkly chart too.
So just wait and keep following the new 8h confirming signal later.
GOOD LUCK!
LESS IS MORE!
Last idea price action of GOLD sent us a signal that it might break the trend line to rise up again .
This idea looks weak before NFP today. Buyers would not risk to open position before that, so do sellers. And on the right 8H chart, once it got a confirming signal closed 30m after NFP, it should looks like channel trend continuation down to test the bottom support zone for sellers. And GOLD is looking still bearish on wkly chart, so this 8H confirming signal will support the bearish idea on wkly chart too.
So just wait and keep following the new 8h confirming signal later.
GOOD LUCK!
LESS IS MORE!
Comment
This weekly chart is very helpful for nextweek.
专注黄金和原油
七周年庆，免费入群微信小红圈（首季度），每日更新追踪交易计划，微信联系咨询： ziyuvera
red-ring.cn/group/22462
Focusing on COMMODITY GOLD N OIL
//
Wechat微信:ziyuvera
Tele: t.me/VeraFuntrader
七周年庆，免费入群微信小红圈（首季度），每日更新追踪交易计划，微信联系咨询： ziyuvera
red-ring.cn/group/22462
Focusing on COMMODITY GOLD N OIL
//
Wechat微信:ziyuvera
Tele: t.me/VeraFuntrader
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