WaitOrAvoid

15 ก.ค. 2022

Definitely I am in no hurry to buy precious metals, which can loose its sign even from current levels. Time to wait on sidelines than doing adventures. Investors should wait for price to come to their levels.

Below 1675 gold is likely to give a #DoubleTop sell signal. A monthly/weekly close below 1675 will open flood gate towards 1369/1269. Text book pattern target is 1269. Not expecting gold to fall one unidirectional. But I will remain conscious while investing. Only two conditions I will add longs.

1- Weekly charts gives VSA-SAR buy signal.
2- Or if price approaches lucrative levels.

15 ก.ค. 2022

บันทึก

Standard Disclaimer:

All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members/followers learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max us e it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

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