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Golden Maiden

  • #201
  • Jun 29, 4:15pm (9 hr ago) Jun 29, 4:15pm (9 hr ago)
a bounce in gold again if >3998 after the pullback
  • #202
  • Jun 29, 8:24pm (5 hr ago) Jun 29, 8:24pm (5 hr ago)
Quoting levox
{quote} Assalamualaikum brother, Can you please tell, what is your analysis percentage on price going up or down.....i am asking because i have buy entry at 4050 and now its moving between 4025-4030. Please guide
Hello! As you can see, we have reached a breaking support point ! (3965 - 3945) If this area can resist, we will reach the 4110 - 4130 area with an upward jump ! But if it cannot be supported, we will fall to the 3900 and 3850 areas ! It is better if you are a beginner trader to use three moving averages with a time period of 14 - 72 - 144 ! And check the market situation in the upper time frames (daily and four-hour) ! Whether the market trend is increasing or decreasing ! Then find the support and resistance points in the lower times ! And enter from these points ! In any case, if the price jumps upwards from the 3950 support point ! You can reach your goal at the points of 4045 - 4065 and 4085 ! It may seem childish ! But a channel in an hour or 30 minutes will help you find the supply and demand points better !
Good luck !

  • #203
  • Jun 29, 8:40pm (5 hr ago) Jun 29, 8:40pm (5 hr ago)
Quoting alireza8088
{quote} Hello! As you can see, we have reached a breaking support point ! (3965 - 3945) If this area can resist, we will reach the 4110 - 4130 area with an upward jump ! But if it cannot be supported, we will fall to the 3900 and 3850 areas ! It is better if you are a beginner trader to use three moving averages with a time period of 14 - 72 - 144 ! And check the market situation in the upper time frames (daily and four-hour) ! Whether the market trend is increasing or decreasing ! Then find the support and resistance points in the lower times !...
One important point to always keep in mind about moving averages ! That: Moving averages have magnetic properties ! How ?! Whenever in the 5-minute time frame ! (I myself got a better answer in the 6-minute time frame) that all three moving average axes were in the same direction ! Now up or down! When the price wants to move with a lower period (14), you can enter from the same point in the direction of the trend and make a profit ! Just make sure (I emphasize) that the three moving average axes are in the same direction !

  • #204
  • Last Post: Jun 30, 12:18am (1 hr 35 min ago) Jun 30, 12:18am (1 hr 35 min ago)
Got it...shukran
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