Gold Bulls are going to fail
#Gold is trading around major support line as seen on 1D chart. We have attempt to bounce up. It seems the bulls failed. This fail can turn into the epic one because the inability to bounce up from the support line leads to the breakdown.
Let’s study clusters (big picture)
- 1) Buyings? But if that buying did represent the real Demand – why did price moved down soon after? The shape of “P” in profile confirms the weakness.
- 2) Genuine Supply Pressure
- 3) Testing the Zone of Supply Pressure
So, 1510 is controlled by bears. Major support line in danger now.
Home
Yes, You Can Become a Professional Chart Reader
To build success in any business, you should rely on things that really work.
In Chart Reading Method, they are three: The Law of Inequality, The Law of Supply & Demand, The Law of Effort & Result.
Download free books, to understand how can you apply the Laws and convert charts into profitable setups daily!



Enter your email to Download books
No spam is guaranteed.