TradingView
EuroMotif
12 lip 2019 05:20

XAUUSD nearing Critical Support: Gold and why $1402 is Important 

GoldOANDA

Opis

We are approaching a critical price point of $1402.
There are 3 important fibs clustered tightly nearby.
This cluster we pierced earlier, but rebounded well.

$1402 is last defense of 1400 round.
$1396 is likely first stop if 1402 breaks.
$1389 is critical uptrend support to hold.

My previous Gold Analysis (click):








<= 5 mos ago

Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

.
Komentarze
glitterboy
Can I ask why you use .236 instead of .382? Do you have any book recommendations for this sort of analysis?
Więcej