Hi all !!
Good day!
It's blood in the streets. Overall markets are PANIC selling which is a BUY signal. Yet the market structure is not satisfactory to continue the BULL trend. Even after having a major drop in GOLD, there's some possibility that it may hit the resistance level plotted in the chart or it will continue to fall which is indecisive for now. But I'm expecting a major drop to the support levels drawn in the long-term.
Notable levels:
1. Current Resistance
2. Uptrend Continuation Level
3. Current Support
4. Expect bounce from this Level
5. Probable Bottom
For more updates, follow me here.
~RPS~
Legal disclaimer:
I am not a financial adviser. The advice here given is not a financial advice even though my excitement might make it look like such. When I say: "Buy/Sell now!" or "Do's and Don'ts" or something like that — it is my personal opinion. I do what I believe is right and at the end of the day I am just a person, not an expert. You trade at your own risk and nobody can guarantee you results. I post because I care.
Good day!
It's blood in the streets. Overall markets are PANIC selling which is a BUY signal. Yet the market structure is not satisfactory to continue the BULL trend. Even after having a major drop in GOLD, there's some possibility that it may hit the resistance level plotted in the chart or it will continue to fall which is indecisive for now. But I'm expecting a major drop to the support levels drawn in the long-term.
Notable levels:
1. Current Resistance
2. Uptrend Continuation Level
3. Current Support
4. Expect bounce from this Level
5. Probable Bottom
For more updates, follow me here.
~RPS~
Legal disclaimer:
I am not a financial adviser. The advice here given is not a financial advice even though my excitement might make it look like such. When I say: "Buy/Sell now!" or "Do's and Don'ts" or something like that — it is my personal opinion. I do what I believe is right and at the end of the day I am just a person, not an expert. You trade at your own risk and nobody can guarantee you results. I post because I care.
