Resistance, Double top and patience.
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DislikedHi guys Looking at the XAUUSD weekly chart, I really can't see any other way but up! Could see the Asian session later take us all the way to 1460 (all IMHO) That's the way I see it playing out later anyway. USD ended the day very weak last Friday and I see that continuing into Monday. We''ll see of course but don't say I didn't warn you! {image}Ignored
Disliked{quote} OK after that we could be coming down big time. 70% of traders are net-long which means a nice drop is coming sooner or later. I still think though that we will go up first to suck in more long positions - just watch out for the reversal!!Ignored
Disliked{quote} not gambling mate.. gold style almost same like Gu style it play price still play below previous high 1453/55 not break so its will dump or will try again to break at downside if downside fail again so it will rocket to upside again.. also gold play in big range there..1400-1455 so both side is can making green pips.. i maybe wrong too ️Ignored
Disliked{quote} Thanks for the input Akim... I understand this pa. I was just jokingly about Mntinifx... his first post was technical observation and then the second post was about the brokers cheating... so to me it is like gamble. With that said imho I think must scalp gold up and down till there is a good reason to expect trend... At the moment the world money all are in a war so people tend to run to the safety of gold....Ignored
Disliked{quote} if gold goes up i have sell limits in place we might say insurance if it rises and in when it fallsIgnored
Disliked{quote} also have pending around above 1450 if price want to test that level ️Ignored
DislikedIn GU, the RSI divergence on M5 is a hint that GU is still upbound for now. Meanwhile, the rallies are all bullish on M5, M15, M30 and H1 {image}Ignored
Disliked{quote} well done mate , it is still wanting to get passed here but i am on sells so again i so full of coffee i will see what happensIgnored