from the above analysis can be broadly we call good, although the estimated area fumble around $ 14 but it has been warned-warned us through money management that if you can set then you've got a hefty profit.
But if you do not master the trading money management and psychological outcomes trading then you can today certainly is the MC, or at least manyun lu ... hehehe
Let us try to analyze where the direction of movement of the price of gold for the next few days to see the supporting indicators such BBMA, Kumo and stoch
In Bigmap Annual Trends condition medium gold price down trend since the MA-quarter were under the annual MA. Based on Quarter Bigmap gold price trend was strong down trend for the MA monthly still under sd-1 BB-quarter. Lastly according to the Monthly Bigmap uptrend has been changed to a weak downtrend since the weekly MA has entered into a normal area under sd + 1 BB monthly.
Now we look at the referrer, which BBMA weekly and daily MA. the weekly TF current conditions being strong downtrend since daily MA were outside the normal area that is below the weekly sd-1 BB weekly.
The conclusion that can be drawn from this condition is the gold price movement is likely to continue the downward trend, it is reinforced with a thick Kumo cloud above the current price. Just to add to the confidence we need to pay attention to the position of the price which is still hindered by the Supreme Court or monthly balance at the level of 1225.
Sell action can be done if the price does not get into today's high prices in 1232 or are not able to penetrate the lower limit of Kumo clouds at 1230 and sell additional action if the price broke through the MA monthly in 1225. Chances are the price will retest the area back in 1210
Pay attention to your money management and take profit only reasonable between $ 5- $ 7 price movement.
Happy trading gold good luck, #poorenglish
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