The weekly price frame has reached the Resistance area, which is also the peak and the lowest low.
But overall the price is still in a downtrend. An immediate breakout is not possible, so a consolidation at a value area is required. If you wanna BUY, from here, you'll need to see the DOW creation condition increase > Higher high, lower high and close the candle above the resistance at 1810
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Now you can see people want to deposit money in the bank for interest so the demand is not high. They need more money with lower gold prices then, I need to see people depositing and withdrawing money to buy gold or assets. That's when I will buy gold.
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Plan trading: Sell GOLD
Target: #168x #158x
Absolute Stop Loss: 1814
Manager Risk
But overall the price is still in a downtrend. An immediate breakout is not possible, so a consolidation at a value area is required. If you wanna BUY, from here, you'll need to see the DOW creation condition increase > Higher high, lower high and close the candle above the resistance at 1810
--
Now you can see people want to deposit money in the bank for interest so the demand is not high. They need more money with lower gold prices then, I need to see people depositing and withdrawing money to buy gold or assets. That's when I will buy gold.
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Plan trading: Sell GOLD
Target: #168x #158x
Absolute Stop Loss: 1814
Manager Risk
Safe entry from 1803 - 1810
Stoploss zone 1814 - 1821