mahmoudjacob3

mahmoudjacob3

The support of 1860 was broken and gold retraced and is now around 1849 which I believe can hold as the new support for a new movement to the upside.

mahmoudjacob3

If you look at the rejections from 1834 on the 4 hour time frame you can see similar rejections now around 1860. 1860 has always been very strong. Tip: Turn off colors of your candles to avoid making emotional decision when you see red candles. Remember trade on higher time frames for better confirmation dont only use 1h. Always look at the 200 and 50 ema.

mahmoudjacob3

I am not saying buy or sell Wait for confirmation and dont copy these "popular" traders just because it says premium or pro beside their name. Since Monday I keep seeing people put sell ideas and market keeps rising. People are constantly trying to sell a bull market, we have a bullish daily close yesterday and a breakout of the 1860 resistance.

mahmoudjacob3

Once gold showed heavy rejection and a strong pullback I entered with low risk.

mahmoudjacob3

Gold has tested this area 3 times since yesterday and is showing strong rejection