Gold awaits for confirmation
Hello traders,
I am still enjoying my holiday trip overseas and I now borrowed my friend’s computer to update some charts to tell you that I am still trading with you.
As you see the double tops on daily chart, the sell-off consumes but remains uncertain at this moment due to the support upward trend line (blue dotted).
On the other hand, the Kijun-sen remains flat and it shows a stronger resistance is building up at 1336.4
For LONG (Target back to double tops level)
1) We suppose there is a MACD bullish divergence occurs
2) Price action breaks above Kijun-sen (1336.4)
For SHORT (Target back to Strong support zone)
1) 8 EMA cross below 20 EMA
2) Price action close under 1320
3) Price action breaks under support trend line
4) Chikou-span cross below candlesticks (26 days ago)
We keep eyes closely because the market is very sensitive now.
Cheers
I am still enjoying my holiday trip overseas and I now borrowed my friend’s computer to update some charts to tell you that I am still trading with you.
As you see the double tops on daily chart, the sell-off consumes but remains uncertain at this moment due to the support upward trend line (blue dotted).
On the other hand, the Kijun-sen remains flat and it shows a stronger resistance is building up at 1336.4
For LONG (Target back to double tops level)
1) We suppose there is a MACD bullish divergence occurs
2) Price action breaks above Kijun-sen (1336.4)
For SHORT (Target back to Strong support zone)
1) 8 EMA cross below 20 EMA
2) Price action close under 1320
3) Price action breaks under support trend line
4) Chikou-span cross below candlesticks (26 days ago)
We keep eyes closely because the market is very sensitive now.
Cheers
