forexintel / Blog
Expect a huge downfall in gold price from today. If the gold price crosses yesterday's high, then obviously it will continue to go up. As i had mentioned in my previous posts about the high volatility, see this up ward movement as a retracement in a downtrend rather than an upward trend...
I had mentioned in the previous post about the improbability of a price rise in eurusd. https://www.mql5.com/en/blogs/post/649455. Even in the analysis of the gold price movement,https://www.mql5...
As the gold price went beyond my expectation of 1118, threatening to wipe out the demo account, i still see the possibility of the gold price going down more probable than it going up. If it goes up, expect it to go up to 1500...
Level 2 and level 3 set up of moving averages, fibo, zz and chart patterns indicate the improbability of a price rise...
I had mentioned in my previous post https://www.mql5.com/en/blogs/post/649256 that the gold price might spike up to 1118, but the gold price went up till 1124...
I had used the gold price movements to analyse the eurusd price movements, in my recent posts. Even though, eurusd price seems to be pegged to the gold price, it need not necessarily follow it everyday. Starting from this post, will use my 3q set up to analyse the eurusd price movement...
As mentioned in my recent posts, 1101 is providing support and the gold price has been ranging around this level for a week now from last Wednesday. Still believe that the gold price is going down to 934.0...
Whenever prices look menacingly closer to a free fall or a shoot up, i become aware of my greed and start to look for potential retracements. 1.101 was one such level where there was a potential reversal...
Whenever prices look menacingly closer to a free fall or a shoot up, i become aware of my greed and start to look for potential retracements. 1101 was one such level where there was a potential reversal...