Re: MACD&RSI

972
macd & rsi wrote: Thu Feb 03, 2022 7:21 pm I still believe in the fall in the price of gold.
But 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

977
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)
Technical analyses is based on probability , so everything might happen , Stop or Target .

Re: MACD&RSI

980
macd & rsi wrote: Thu Dec 28, 2023 6:26 pm USD/CAD : SELL
TP@1.31 STOP@1.3260
Wow - 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
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