Right now Gold bounce from support zone, and perform bullish wave.
to follow bullish movement,
we can buy gold around 1293 and aim for 1321 at minor resistance or aim for bigger target at ascending triangle resistance at 1360.
Bearish only perform if support zone breakdown at 1276.
And if it break down, we can set new short sell with target at 1218
Note : Since 1276 are bearish confirmation line, this point become stoploss
Bullish setup :
Buy at fibonacci support at 1293
Take profit at 1321 or 1360
Stoploss at 1276
If stoploss hit,
bearish setup :
Sell at 1276
take profit at 1218
to follow bullish movement,
we can buy gold around 1293 and aim for 1321 at minor resistance or aim for bigger target at ascending triangle resistance at 1360.
Bearish only perform if support zone breakdown at 1276.
And if it break down, we can set new short sell with target at 1218
Note : Since 1276 are bearish confirmation line, this point become stoploss
Bullish setup :
Buy at fibonacci support at 1293
Take profit at 1321 or 1360
Stoploss at 1276
If stoploss hit,
bearish setup :
Sell at 1276
take profit at 1218
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