Hello Friends,
Here in GOLD we have two different possibilities the BULL in trend or the Bear after correction due to H&S Pattern... Well firstly in Bulls i am considering the pull back approx half of the move & to stay in the trend in which it should be hitting the area 1782. As it is risky so we probably have to enter safely as well next moves will tell the correct future trend of GOLD if it breaks or pull back.
For BEARs i am considering the area below as correction & in it H&S pattern will be completed, so according to H&S formation we will be considering the area 1719 hitting as all the momentum will be on BEAR side.
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.
Here in GOLD we have two different possibilities the BULL in trend or the Bear after correction due to H&S Pattern... Well firstly in Bulls i am considering the pull back approx half of the move & to stay in the trend in which it should be hitting the area 1782. As it is risky so we probably have to enter safely as well next moves will tell the correct future trend of GOLD if it breaks or pull back.
For BEARs i am considering the area below as correction & in it H&S pattern will be completed, so according to H&S formation we will be considering the area 1719 hitting as all the momentum will be on BEAR side.
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.
