Incoming H'n S

3 juin 2020

1- Price has completed its downturn at the fibo level 0.5(0.52 actually) and now it is preparing to heading up again. There is a huge possibility to creating a head and shoulder pattern. Also bearish flag pattern is broken too, so we are in still bullish zone.
2- We've got a strong resistance between 1718-1722 but for any case i have setted my S/L to 1717 and 1715 can be considerable.
3- Funamentally, gold still has enough resons to go up and today new economic datas will be released too. Can we expect good news about that datas? Yeah I don't think so.

If you like the idea please hit the like button to support :)

Disclaimer: I am just expressing my opinion, i don't accept any responsibility about the trade u will do using this idea. Use your ideas and analysis allways while you trade.

3 juin 2020

Transaction en cours

S/L extended to 1715 and re-entered the orders between 1715-1722

3 juin 2020

Note

We have got 233 EMA which is didn't breaked this year(except during covid-19 Market crash) and also a really strong resistance between 1705-1680$ so if 1717-1722 support fails, we will be heading to 1705$. Keep on watching the price.

3 juin 2020

Note

Strong support***

3 juin 2020

Ordre annulé

Failed

3 juin 2020

Transaction en cours

Re-activating the idea. I have spotted a divergence in 1 hour basis - macd indicator also a lot of possible buying signals.

3 juin 2020

Transaction en cours

S/L: 1705
T/Ps are the same

3 juin 2020

Trade fermée manuellement

Non farm payrolls became much better than expected