Hi Guys , this is my analysis on Gold
as you can see , there is a multiple wick rejections at 1807, where price failed to break above the resistance few times ,
and we can see double top has formed as well , another confirmation that we can take , if price still in a bearish movement ,
so we don't want to take a long position until we see a reversal ,
what im looking for right now is wait price to retest to the 38% or 50% area in asian session ,
if you are afraid price will not retest to the 50% fib then we can take the rejection at 38.20% .
let me know what do you think about my analysis on Gold ,
feel free to comment and don't forget to give me a like if you like this idea !
as you can see , there is a multiple wick rejections at 1807, where price failed to break above the resistance few times ,
and we can see double top has formed as well , another confirmation that we can take , if price still in a bearish movement ,
so we don't want to take a long position until we see a reversal ,
what im looking for right now is wait price to retest to the 38% or 50% area in asian session ,
if you are afraid price will not retest to the 50% fib then we can take the rejection at 38.20% .
let me know what do you think about my analysis on Gold ,
feel free to comment and don't forget to give me a like if you like this idea !
Kommentera:
or another idea if we get a strong pullback
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GOLD XAUUSD
davidvid96
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