Weekly Chart:
It still considered a bearish candle, but the tail of the candle got my attention. This is the longest tail since April 2018 showing that the bulls fought back strongly at this point. One more thing is that the price is approaching the strong support around @ 1210 and almost close to really long long-term up trend line since June 2006. So, I am not going to sell at this point.
Daily Chart:
Friday closed nicely with a bullish pin bar.
Watch out:
1. Mid-term down trend line since April 2018 still intact.
2. Resistance around @ 1238 and @ 1246
3. The previous long-term up trend line since Dec 2015 act as a resistance
Action:
Be patient!
Stand aside this week to find the good opportunity in the next few weeks
The market is trying to tell me that it might be a good point to take a closer look on Gold. We are almost to the point might see reversal or accumulation.
For your information:
For the others Forex pairs this week, I will hold off and stand on the side line because I do not see any good signals.
It still considered a bearish candle, but the tail of the candle got my attention. This is the longest tail since April 2018 showing that the bulls fought back strongly at this point. One more thing is that the price is approaching the strong support around @ 1210 and almost close to really long long-term up trend line since June 2006. So, I am not going to sell at this point.
Daily Chart:
Friday closed nicely with a bullish pin bar.
Watch out:
1. Mid-term down trend line since April 2018 still intact.
2. Resistance around @ 1238 and @ 1246
3. The previous long-term up trend line since Dec 2015 act as a resistance
Action:
Be patient!
Stand aside this week to find the good opportunity in the next few weeks
The market is trying to tell me that it might be a good point to take a closer look on Gold. We are almost to the point might see reversal or accumulation.
For your information:
For the others Forex pairs this week, I will hold off and stand on the side line because I do not see any good signals.
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