Our expectations were
true about Gold. We have posted earlier about the future movement of Gold in 25th
of Jan 2016 in our social media channels (YouTube and Instagram) that there
will be a surge in Gold price in Feb and it will reach 1220.3 resistance
levels. The Reward was more than 10 times the risk.
The following the
graph shows our expectation in 25th of Jan 2016, if you need more
info about this forecast, you can check my YouTube video published on my
website.
Weekly timeframe 25th of Jan 2016
for Gold price
The following graph
shows the current situation of Gold prices.
Weekly timeframe 11th of Feb 2016
for Gold price
Gold is facing a
strong resistance now; there is a low probability to break it. All bullish
positions should be closed now and wait for bearish setup on lower timeframe.
Please note that this expectation should be supported by action in the lower
timeframe. Daily traders should support the higher timeframe to follow this
expected path.
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