Whats up Traders!
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I predict a rise on Gold to a previously broken support level that turned to resistance. Price has been reacting bullish every since markets open. It failed to break the 9 MA to the downside, along with a failure of Daily Support on November 1st. We've been on a continued 7 candle Bull Run from the 4HR TF. So, a pullback towards $1887 is still possible, but I think the Bulls may gas a little more pressure before an overall price decline. For obvious reasons, expect pure movement tomorrow during the US Election Day. Bias is only valid if price moves upwards of $1897.50. I've marked tools to help you identify everything I've typed in this idea.
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Here is my full 4HR analysis for this pair, let me know in the comment section below if you have any questions for me.
This is purely me sharing my thoughts with you, don't take it as investment advice..
Thanks Again!
Support this idea with a LIKE if its of any use to you.
__________
I predict a rise on Gold to a previously broken support level that turned to resistance. Price has been reacting bullish every since markets open. It failed to break the 9 MA to the downside, along with a failure of Daily Support on November 1st. We've been on a continued 7 candle Bull Run from the 4HR TF. So, a pullback towards $1887 is still possible, but I think the Bulls may gas a little more pressure before an overall price decline. For obvious reasons, expect pure movement tomorrow during the US Election Day. Bias is only valid if price moves upwards of $1897.50. I've marked tools to help you identify everything I've typed in this idea.
__________
Here is my full 4HR analysis for this pair, let me know in the comment section below if you have any questions for me.
This is purely me sharing my thoughts with you, don't take it as investment advice..
Thanks Again!
Trade closed: target reached:
Target reached, pullback occurred as predicted.