I still believe in the fall in the price of gold.macd & rsi wrote: Mon Jan 10, 2022 11:35 pm #GOLD #XAU/USD ::
We will probably have these prices for gold in the coming months ,, waiting for my system trading sell's alarm
STOP @ 1820
Re: MACD&RSI
972But it never is about belief, is it?
On the monthly you can see what's going on.
So, at the moment, the rational thing to do is: wait until the outer boundaries are touched and then enter (on a much lower TF), after there was (strong) rejection.
(As for the rest: first you need a clear TL-break, i. e. price close outside the TLs on the Monthly)
[end of January was the last touch of the lower TL - "therefore"(?) price has been moving up since]
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Re: MACD&RSI
973When will you post again? I really liked following your charts
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Re: MACD&RSI
974thank you dear friend ,
I have decided to write again after new year , 2024 !
Wish much more green trade !
I have decided to write again after new year , 2024 !
Wish much more green trade !
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Re: MACD&RSI
975AUD/USD :
we have a good trend , it can reach 0.6890 , Stop @ 0.6790
Always be green !
we have a good trend , it can reach 0.6890 , Stop @ 0.6790
Always be green !
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Re: MACD&RSI
976maybe -macd & rsi wrote: Wed Dec 27, 2023 6:38 pm we have a good trend , it can reach 0.6890 , Stop @ 0.6790
at the same time we are in a downtrend on W and Mth
and this downtrend could resume any time (if there is no breakout up)
Re: MACD&RSI
977Technical analyses is based on probability , so everything might happen , Stop or Target .josi wrote: Wed Dec 27, 2023 6:48 pm maybe -
at the same time we are in a downtrend on W and Mth
and this downtrend could resume any time (if there is no breakout up)
Re: MACD&RSI
978I did break even @ 0.6830macd & rsi wrote: Wed Dec 27, 2023 6:38 pm AUD/USD :
we have a good trend , it can reach 0.6890 , Stop @ 0.6790
Always be green !
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Re: MACD&RSI
980Wow - I admire your daring.
This downtrend has been going down for a long time - and at the same time we see divergence up etc.
I hope that it'll work out for you, of course, I am just asking myself: why now (and not 4 weeks ago)?
Best of luck to you