Gold Gold Daily Video, July 01, 2020

soul rebel

Sergeant
Messages
141
Hi Sive
Thank you for providing great analysis and trade management strategies which are essential for aspiring traders, your words are worth their weight in Gold
 

Joshnix

Corporal
Messages
102
Sive,
You have been saying confluence where I was under the impression that the 38.2% has to overlap the 61.8% so the 1 hour chart you had 2 fibs and the 61.8 was above the 32.8% maybe that is a sign of weak confluence or maybe I am under the wrong assumption. I will be looking for long entry at 1758, a little above July Monthly Pivot with stop at 1750 as the confluence support I see is between 1755 and 1752 area.

I trade the /GC futures so price may be a bit off of spot
 

Sive Morten

Special Consultant to the FPA
Messages
15,039
You have been saying confluence where I was under the impression that the 38.2% has to overlap the 61.8% so the 1 hour chart you had 2 fibs and the 61.8 was above the 32.8% maybe that is a sign of weak confluence or maybe I am under the wrong assumption.

Hi Josh,
K-area is any combination of 3/8 and 5/8, despite what level stands above without any harm to strength or quality of the area.
 
Top