It's time for GOLD to drop

2021年7月13日There have been rejections at the price of 1815 several times (light blue line), and my projection for Gold will fall to touch the price of 1766-1767.

Note: Please keep in mind that no one guarantees the analysis will be 100% as expected. It all comes back to your own analysis, money management and risk management.

2021年7月14日

トレード稼働中

Sorry very much in advance, I forgot this pattern to be calculated into my analysis. I have taken a short position with the same target, 1766-1767.

2021年7月15日

トレード稼働中

Revision.

2021年7月16日

トレード稼働中

“M” pattern has formed at the low time frame (15 minutes).

2021年7月17日

トレード稼働中

Now the position of Gold is under the second barrier of the Supply Zone on the H1 time frame, and is also supported by the RSI indicator which is declining.

2021年7月19日

トレード稼働中

It looks like it will continue to fall towards the Demand Zone on the H4 time frame, and is strengthened by the RSI indicator which is also experiencing a decline.

2021年7月23日

トレード稼働中

I added some analysis.

2021年7月29日

トレード稼働中

Gold is testing the second phase in the Supply Zone on the H4 Time Frame. And after this it can be assumed Gold will drop again.

2021年7月29日

トレード終了: ストップロスに到達

Stop loss has been hit.