Hello Traders
I think the Gold price Stabilized under 1880 area and its time for more decreases.
As you can see on my chart we Broke 1880 support Area with a Long Red Belt candle.
and after pullback to this area now its time for a few crash.
I thnik the Gold price decrease till area created by 38.2% Fibo Retracement of last long leg
(yellow channel above) and a strong support level around 1800 and 1820.
Also the price Breaks 50EMA and Retest it too.
JUST...
If you take a TRADE , DONT FORGET TO SET A REASONABLE STOPLOSS.
Thank you all for reading my idea.
please teach me something in comments.
I think the Gold price Stabilized under 1880 area and its time for more decreases.
As you can see on my chart we Broke 1880 support Area with a Long Red Belt candle.
and after pullback to this area now its time for a few crash.
I thnik the Gold price decrease till area created by 38.2% Fibo Retracement of last long leg
(yellow channel above) and a strong support level around 1800 and 1820.
Also the price Breaks 50EMA and Retest it too.
JUST...
If you take a TRADE , DONT FORGET TO SET A REASONABLE STOPLOSS.
Thank you all for reading my idea.
please teach me something in comments.
Trade closed: target reached