more downward pressure may come

if you followed my last post on gold you can notice price finally closed below my baseline , declined.

and hit my support level targets.

although I expected from 1940 price will drop however the main key level was closing above or below

the baseline on my chart. this is important we have a baseline strategy to manage our trade.

now the strategy would be the same based on my new baseline around 1903$.

closing below the baseline meaning more downward pressure has to come. also on MACD 12H setting

MACD line is closing below zero level meaning more downward pressure could happen soon.

however closing above the baseline may invalidate our strategy temporarily.



Enjoy the market

İşlem aktif:

declined after some consolidation as expected.

Yorum:

our main support broke and declined. so I expect the support area will be tested.

İşlem kapandı: hedefe ulaştı:

congrats, our main target area hit.

Yorum:

exactly on the lowest support level as I expected.... trading completed