Hey friends, Gold had come to the big flag of daily TF for several times, And now is an important time, there is also a support trendline. Because there are two possible scenarios:
1. flag stands: price should reject this area and will break the support trendline and will go for @1470 and lower targets in a row, there also is a Resistance zone at @1480
2. flag breaks: in this circumstance price will break and definitely creates a pullback, we can enter on the pullback and expect @1490 and @1500 as our target.
Remember candlesticks are very important and pay close attention to them.
what do you think? leave a comment, please.
1. flag stands: price should reject this area and will break the support trendline and will go for @1470 and lower targets in a row, there also is a Resistance zone at @1480
2. flag breaks: in this circumstance price will break and definitely creates a pullback, we can enter on the pullback and expect @1490 and @1500 as our target.
Remember candlesticks are very important and pay close attention to them.
what do you think? leave a comment, please.