Gold update - wait for 1420 $ resistance and sell/buy entry

16 juil. 2019

Market price broke out of triangle and is searching now for next bigger resistance. I expect a possible trend reversal at 1420 $ which is entry for many sellers. Take a look at market action before opening a trade. A breakout and close above down trend line implements fast up movement and brings many buyers into the market.

A Breakdown and close under support trend line brings many sellers into the market.

-RSI is currently above triangle line and implements further up movement. If the RSI line falls down within triangle expect many sellers entering the market because this would be a bearish indicator
-Market price retraced from bollinger middle bands which implements another test of resistance
-market volume getting lower and lower which implements bullish trend continuation to at least 1420 $ resistance

31 juil. 2019

Trade fermée: cible de profit atteinte