Gold buying opportunity
see chart
ノート
Praise the Lord. The price has moved nicely according to plan. Now it has closed above 1477, we can expect it to continue the upward move towards the red diagonal line. Remember to adjust your trailing SL accordingly. Congratulations to those who followed.
ノート
It is now in the same situation as 20 Nov period, facing resistance at 1476.576. It did retrace nicely on 4 Dec at 0600 hours but was met with a bearish engulfing candle on 1400 hours. Selling seems to subside as you can see the smaller candle bodies. I expect price to pick up from here and charge towards the red diagonal bearish trend line where the green arrow is pointing
ノート
Praise God, another perfect move ! Congrats to those who shorted Gold. You can take partial or all profits depending on your strategy. Some support could be expected at 1448.94.
ノート
Nice fall, it is now at 1459.23. There is some support here, if it fails to hold, then we can look at 1448.94. You can consider take some partial profits and adjust your trailing SL. Congrats.ノート
We are initiating a buy position at 1464
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