Yaser Sabbaghi / Blog
I have used Intelligent CCI indicator that is able to detect the main trend. It makes the signal arrows appears according to main trend. CCI has left Over-Bought level down when the level dynamically is calculated being 109...
humans are caught his feelings. They predict or forecast the market as they wish or they do as they hop the market to be. But the intelligent one indicators that control the weakness in over-sold and over-bought areas are the tools to help humans to make better decision...
Let see what is going to happen, 1- Intelligent CCI has left Dynamic Oversold area at -150. 2- PA has touched Supply zone and pulled back...
I have Buy Signal with CCI, but the main trend is Sell yet. And this is the reason that I need to be more patient...
USD is getting more strong and this why we have GOLD to fall. We are in downward trend...
Long on Demand Areas ( TP on Supply Area ). Be aware of upward trend line to be not broken down. As long as this line is valid, the Long position is more safe...
The best area to buy is 1195.15 ( Supply Zone ) with lowest Risk/Rewards. It is also possible to go long at 1202.5 in 61.8 % of Fibonacci with medium Risk/Rewards. 1209 is another support area and possible point to go Long but personally I don't do such this trade due to high Risk/Reward...
As you can see the Gold reach the target around the expected time. The below chart was what has been forecast in few days ago. https://www.mql5.com/en/blogs/post/592013...