Sell-buy
How should we deal with Gold after this.You will see my last idea almost sell on red zone.
and trade on short term
Now gold swing approx. 1510 - 1520 zone
Check in Daily chart (Right chart)
I think gold will drop to 1480 zone (or deeper)
and swing in range 1480 - 1520
after She is ready .Next station 1578 zone
But Gold is hard to predict
How to trade:
Wait till support zone for buy
till resistance for sell
and check minor timeframe for entry.
Now Gold drop to 1514 if can break below 1509
it is good for seller may sell on rally (Left chart)
PS
My note for memory.
EUR AUD SellEUR AUD Sell
all updates on when stop loss will be moved to entry will be sent privately.
It is recommended to move your stop loss to entry upon +30 pips being hit.
Daily time frame-
Price has continued to move impulsively higher, going through all fib levels, resistance and previous daily high. This invalidating the daily bearish structure. We waited for pull back to decide on whether this would be a long or short position. The short position has been decided as we are around a very strong resistance zone (10 year high).
GBPUSD Triangle patternIt is really clear to see that we formed pattern 'Triangle'. Now we have to wait when the candle broke the level of support or resistance and after it sell or buy. But don't be harry if you are afraid of taking the movement down you can wait for the retracement to the key level and after it do your job