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Ehsanibrar
Jan 24, 2023 12:30 AM

Gold Analysis 

GOLD (US$/OZ)TVC

Description

Plan A (If turns Bullish)
Buy stop at 1941 level and TP will be 1960.
Dow's Theory in place
It will break its 4h and Fib 1 major resistance.
Will disregard rising wedge
DXY is bearish and formed a LH, so it will definitely pump Gold


Plan B (if turns Bearish)
Sell stop 1912 level and Tp1 will 1894 and Tp2 will be 1880.
Will break trendline and Fib support
Rising wedge reversal pattern
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