PiPumer

GOLD bearish After Fake breakout as Bullish on NFP

TVC:GOLD   CFDs on Gold (US$ / OZ)
Hello Friends,
We all have seen what happens in NFP as it rejected the bulls by its fake design & comes back to where it was. This Fake Impulsive move of candle describe the weakness of bull traders so definitely most players are on Selling it. Above Resistance there are two parts for corrective & impulsive area but here we're going bearish only. So If we talk about the bears then from the Resistance area & till 1745 approx is the first target to hit which is sure in next week. Another thing is that fake design make sure its not going bullish so here it'll be going to complete its another half cycle around 1720 area which is from its before one As ABCDE. Last thing is that its the resistance area & flow is from bulls in which its falling with high momentum so it will keep its fall for the next 1,2 candle which will lead it to its first destination of 1745.
I HOPE YOU'VE GOT SOME POINT OF VIEW ON HOW TO TRADE GOLD FOR NEXT MOVE.

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P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.