Hey!
Gold price approaching a pretty important trendline - pulled from 2011. It has a very strong breakthrough candle on 25. January and this is an indication that the price could get rejection after the touch.
There are also other short-term price reversal criteria:
1. The trendline should act as a support level
2. Fibonacci 38% retracement level
3. Old support levels start to work again
4. EMA levels on the blue box.
Wait for until the price reaches into the blue box and if You want to get more confirmations then wait for bullish candlesticks patterns on the lower timeframes - 1H+
Please, do not forget to support my idea post by hitting the "LIKE button!
Thank You very much!
Have a nice day!
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Gold price approaching a pretty important trendline - pulled from 2011. It has a very strong breakthrough candle on 25. January and this is an indication that the price could get rejection after the touch.
There are also other short-term price reversal criteria:
1. The trendline should act as a support level
2. Fibonacci 38% retracement level
3. Old support levels start to work again
4. EMA levels on the blue box.
Wait for until the price reaches into the blue box and if You want to get more confirmations then wait for bullish candlesticks patterns on the lower timeframes - 1H+
Please, do not forget to support my idea post by hitting the "LIKE button!
Thank You very much!
Have a nice day!
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.