Tuesday, February 17, 2015

Gold - Nice Gap Down


Gold has given good downside...here, points we should learn.....

1.        Patience.......because....if price starts falling or raising...it  never go from one point another point....it needs time to deliver the target as per level.

2.        Need to understand the Price Action.   one should know how to read the price action based on main trend...otherwise all our indicator will fail....Indicator is always like Cure after disease...Price Action is like prevention before disease attacks you.

3.      Emotion ..... always before market we decide something...after market opens...we trade something...because various factors......so...control emotion...follow your own rule, even, if you fail..don't mind...accept it and move on..

Still...my sense says (as per price action and as per my technical level), intermediate trend is weak....bottom target 26051....i will follow my rule...


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