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Sunday, July 18, 2021

lets analyse monthly chart ,to find long term targets like pro

lets analyse monthly chart ,to find long term targets like pro

if you draw fibo on last down leg (green left fibo) fibo 161% show up target ok?
if you draw fibo on last up leg (red right fibo) fibo 61% will show ,downer target !!!

secret=gold love pullback to fibo 61% and fibo 161% as target

now analyse = if gold break low in 1760,can crash to 1500
if gold can break last high on 1820,can fly up to 2400

secret= high,low is very very very important on gold , silver (other trendy markets like forex) , break high mean + up trend will start (for this you must put sl for sells on last clear high ) understand ? many day traders use 1 hour chart high,low

note= in zigzag markets like dax ,index high,low not very important , break high on dax not mean + trend start, it can crash after break high

secret on gold ,silver= on trendy markets ,scalp or martingle (step by step buy) inter reverse posations is stupid new traders work = margincall ... you must find way to inter trend !!!! for example buystop on last high (sl=last low) , one of best way to inter trend and wait 4-5 day until new high (of fibo 161% on last down leg as tp )

from TradingView Ideas
via gqrds

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