Gold,s price Last week,s High is 1219.4390 and Low is 1179.2410. I have put in horizontal line last wednesday to Friday,s High and Low on my meta trader chart. If the price 50 moving average cross down the first Low Horizontal Line which put on meta trader chart in red colour, I am going to sell. If the 50 moving averaverage cross up the first horizontal line colour in blue, I am going to buy. For me pivot point will be the weekly,s open price or Monday,s open.
Last Wednesday,s High Price = 1199.4700 Horizontal Line in Blue Colour
Last Wednesday,s Low Price = 1186.4400 Horizontal Line in Red Colour
Last Thursday,s High Price = 1219.3900 Horizontal Line in Blue Colour
Last Thursday,s Low Price = 1194.2100 Horizontal Line in Red Colour
Last Friday,s High Price = 1205.8800 Horizontal Line in Blue Colour
Last Friday,s Low Price = 1192.3500 Horizontal Line in Red Colour
Last Wednesday,s High Price = 1199.4700 Horizontal Line in Blue Colour
Last Wednesday,s Low Price = 1186.4400 Horizontal Line in Red Colour
Last Thursday,s High Price = 1219.3900 Horizontal Line in Blue Colour
Last Thursday,s Low Price = 1194.2100 Horizontal Line in Red Colour
Last Friday,s High Price = 1205.8800 Horizontal Line in Blue Colour
Last Friday,s Low Price = 1192.3500 Horizontal Line in Red Colour
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