DEAR TRADERS, If you have followed my analysis so far, I am going to show you an analysis that will be decisive for the successful trading of the coming weeks. However, everyone should be careful enough, though I don't have to say this to anyone, you know it well. Best wishes, good luck, and have a good trade.
If you have the time and perseverance you can draw many things on a chart. If you want to make the right decision you need to make a good strategy and look at other factors as well.
Is it really possible?!! Gold going to go 1825.60 level?! Can anyone imagine gold being so high in next few month what nobody had thought before? We can't see never ever so big upper spike on gold weekly chart what formed on last week. Is it really possible that after this big spike gold has more long trade possibility? I thought gold turn down, but Friday it went...
Gold was in the monthly and weekly long breakout target area in the first hour of this week. (close to W-R5 and MN-R5). It seems who was in long on gold now rests a bit again. Monthly camarilla support and pivot level (MN-P, MN-S3) is too far but weekly camarilla pivot and support (W-P, W-S3) is possible target if gold turn to short. There is my mt4 chart on gold...