Of Gold Extensions مقياس إمتدادات الذهب
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
we can see in the picture there is rectangle to the right resemble the buyers in gold i call them trapped buyers and the rectangle to the left is thier stop loss cluster on 1975 . it was on 1980 and stopped in the europe session early but i think we will go there to stop more buyers out we can put buy order there with target 5 dollars / so im selling here targeting 1975 with stops on 2000 or 2005 because there is no stops there and this is the pic https://drive.google.com/file/d/1eN2dB_4Hix66a99c4exvpBP8NkuFboW7/view?usp=sharing
the percent below show the ratio of buyers is now 60% so im seller unles this ratio flip to majority selling not buying
technically the usdx keep under prssure by broken 9-yrs trend and theres is huge wedge on both usdx and usdchf ass these 2 charts very similar i will update this post if not rejected by mr ashraf when we get the taargets keep your trades blue and dont over leverage