Hi Friends,
So here i made that analysis in which i have mention both the bulls & bears possibilities, so firstly we talk about its trend which is bearish & dropping from the above resistance. So if we see the bearish pattern, it definitely have to fall till 1760 approx area to complete its pattern. Also we've H&S formation which head us towards bear side, so again it has to fall approx 1760. So for taking a bearish trade we've to make a good entry on bearish strong candle which can be start from the shoulder area but our entry is considered for bear is 1790 & below as good entry on bears.
For bulls we have to make sure its rejected as a spike the sign of rejection from support & is having a swing as U/V-SHAPED which will be the sign of bulls getting in control, so above 1809 is considering as the good entry point for bulls to take trade.
I HOPE YOU'VE GOT SOME POINT OF VIEW ON HOW TO TRADE GOLD FOR NEXT MOVE.
Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU!
P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
So here i made that analysis in which i have mention both the bulls & bears possibilities, so firstly we talk about its trend which is bearish & dropping from the above resistance. So if we see the bearish pattern, it definitely have to fall till 1760 approx area to complete its pattern. Also we've H&S formation which head us towards bear side, so again it has to fall approx 1760. So for taking a bearish trade we've to make a good entry on bearish strong candle which can be start from the shoulder area but our entry is considered for bear is 1790 & below as good entry on bears.
For bulls we have to make sure its rejected as a spike the sign of rejection from support & is having a swing as U/V-SHAPED which will be the sign of bulls getting in control, so above 1809 is considering as the good entry point for bulls to take trade.
I HOPE YOU'VE GOT SOME POINT OF VIEW ON HOW TO TRADE GOLD FOR NEXT MOVE.
Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU!
P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
