Tuesday, April 23, 2013

Gold Prices are Trying to Rebound, Ready Short Sell

Bismillah...
notice today gold chart, gold prices are trying to rebound from the decline today. if observed from monthly TF condition strong down trend, because the weekly MA is outside the normal area, under sd-1 monthly BB.

conditions in the weekly TF strong up trend, because MA daily are outside the normal area, above sd+1 weekly BB. analyze both the time frame, it can be concluded that the consolidation is going on, between the hold up or back down.


crucial to the observation point, as the resistance is 
sd-1 monthly BB ($ 1,434) and the support is MA / weekly balance ($ 1,397). The next step notice price trends in these areas. if the price of the resistance and support impenetrable, then do counter OP.

I tried to sell the area MA / daily balance without using SL with profit targets in the area of ​​MA / weekly balance, because I am assuming the price of gold is still in a great tendency to continue to decline. let's see...


have a nice trade

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