HAPPY KILLER TRADING JOURNAL UPDATE ON GOLD PAIR *ATH expectation is still very potential In accordance with the statement in the previous update, the gold estimate for ATH is still considered very relevant according to technical data. For now, the gold estimate is still continuing for the bullish assumption, there is even a possibility that gold will reach the target of 3400 as a further bullish opportunity. However, it should be underlined that momentum must be rational with technical conditions for low-risk execution opportunities.
The following is a summarized technical analysis, namely:
1. The analysis above is a short-term scheme with a reference interval of 15 minutes. 2. Support resistance level: • Fresh support is at the price level of 3315.50.
• The closest support which is the bounce area for buy re-entry is 3334.24 to 3338.89.
• Weak resistance which is the ATH level of 3356.36. Bullish expectations are still very rational, the momentum of the price decline has not been confirmed which means that the opportunity for an increase is still supported by the closest support that exists in gold at this time.
3. Price movement: The price position is still in a bullish sentiment with estimates seen on the bullish trend line. As long as the price is still in that area, the bullish price momentum is considered to still be in a very strong momentum. For that, the bullish sentiment is expected to continue. Conversely, if the price tries to break out of the trendline area, there is a possibility that gold will move bearish for a mere correction with a target decrease of up to 3315.50.
4. Trading strategy: • Buy re-entry opportunity awaits rejection at price level 3338.89 with bullish target up to 3356.36.
• Sell re-entry opportunity awaits breakout at price level 3334.24 with bearish target up to level 3315.50.
Additional: The opportunities currently seen are still potential for gold to continue to ATH.
