| Entry Point | Key Level | Projection | Stop Loss | |
|---|---|---|---|---|
| Gold | 1837.1 (Sell) | 1825.0, 1829.9 | 1789.8 | 1855.2 |
Gold Chart - Analysis time: 00:51 am
Commentary
Hello!, using Fibonacci grid on 15min time frame. You can see the current downtrend, as I will wait for the market to come to key levels and then sell near 1837.1 placing my stops near 1855.2. As 1837.1 is my rally point and I will use my indicators to see how market react to this level and go from there. Lets see how it goes!!
Gold Chart - Result time: 16:20 pm
Commentary
Hi!, See how our Fibonacci Levels been respected. Our key levels were broken but look how the market bounced from our entry level and then a downtrend ending near the projection level, as circled on the graph. Our main level of 1837.1 is still intact, let see how market behaves.
No comments:
Post a Comment