Sunday, March 27, 2016

Gold Trading Strategy The painting of the price ~ forex trading chat rooms

Gold did break through key resistance level of 1394 opens the possibility of reduced 1350.
The beginning this week, the Asian session was the opening price gap (1393.75) closed the week lower price (1395.7) which helps to quickly pass rates in 1394 and just 15 minutes to the opening price on the 1375 .
Currently, gold prices are being revised up.
As I said, the price level in 1375 is not the destination of the gold. I expect gold will drop deeper in price 1345-1360.
And the picture below is the painting of possible gold price this week.

Strategy :
Sell limit        : 1405 - 1410
Take Profit    : 1375 - 1360 - 1345
Stop loss       :  1416

Hope luck ! :)

Gold Trading Strategy 09-02-2013


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