2 days before Chinese New Year, I wrote a blog post about Gold. Simple intention, I hope that everybody has a wonderful happy Chinese New Year.
Wonderful, it was indeed a nice trade. On the very same day, after my blog post, Gold plunge, and next day (on Chinese New Year Eve), reached the first day level.
Hope you had a very huat year.
@terraseeds yes I did Shifu, pocketed 547pips for ang bao! Cheers!!
— khunzuuriya (@khunzuuriya) February 20, 2015
But it was also a very disappointing post, because the post came 2 days before Chinese New Year, maybe everybody was busy. Many students told me, Binni I don’t have time to read. Twitter was also quiet too. But think of it, ang pow has no meaning if it’s not given near to actual date…anyway…
This is the following to the first post on Gold.
Strong support reached, retracement to point 2 assuming that 1234 was completed
1200 seems to be location of point 2 and a strong support level
Price bounce off F6 and trend line support
Currently, price trapped in this ED channel, break of this channel shows bullishness
I thinking that this could signal a slightly longer term upwards movement. Maybe we won’t see 1000 so soon.
Will update again if I see that there are interest in more update. Let me know.