on my previous roadmap (link attached below!) I predicted that gold would rise to its weekly resistance level, now prices are approaching that level, whats next?
Plan : wait for prices to bounce off from weekly resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________
Bulls already seems to be exhausted ( they pushed 3 points - have a look on my chart)
Waiting for price structure to change current momentum
What do u think?
GWBFX
⋅
@AstralWalker99, Hi mate, for perspective yes,.. but when we look at weekly and monthly candle closed it's clearly bull momentum, also the trend angle,.. it was trust movement, I'll wait for price deceleration first... against the trend is scary
Wtf with gold market/: