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If a M15 close above 1780 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1670 sell only and do not buy. If price closes back above it again do nothing
The range 1780 and 1670 is neutral area, any trade done in between is personal decision and not part of this analysis
non farm payroll came out not favorin the dollar i also had to close a pending sell trade that had been triggered before the realease.although with little 13pips profit
If a M15 close above 1720 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1670 sell only and do not buy. If price closes back above it again do nothing
The range 1720 and 1670 is neutral area, any trade done in between is personal decision and not part of this analysis
by taking a look on the chart which showing that the pair has closed it's daily candle under the level of 1730.00 , and that's mean that the down trend is still standing and the pair might reach the level of 1719.00 this night and maybe before starting of the europe session .
If a M15 close above 1750 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1670 sell only and do not buy. If price closes back above it again do nothing
The range 1750 and 1670 is neutral area, any trade done in between is personal decision and not part of this analysis
Gold open @1741.10. Gold has been down but still close above pivot @1734.67. Gold might go up to 1748.62. If it's close below pivot then Gold might continue down to S1 @1726.87
If a M15 close above 1750 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1690 sell only and do not buy. If price closes back above it again do nothing
The range 1750 and 1690 is neutral area, any trade done in between is personal decision and not part of this analysis
Exactly what was supposed to happened, happened. Gold tested the upper trendline again and bounced hard off it with a price action pattern on the 4H, a pin bar.
1700 will be under assault again today or tomorrow for sure. Lots of stops below that level will be taken out imho.
If a M15 close above 1720 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1670 sell only and do not buy. If price closes back above it again do nothing
The range 1720 and 1670 is neutral area, any trade done in between is personal decision and not part of this analysis
its said that the quality of a gone trader is making profit regardless of the market situation so thumbup to those following the ranging movement of gold for now