In our previous analysis of Gold we went and it HIT our Targets perfectly even though we closed earlier and Booked our profits!
Now, let's talk about the current market situation,
Since 2018 market always heads down breaking yearly lows in such cases of Stocks and .
and we don't think Gold is ready enough to break and surpass the Majors Resistance levels at 1365.01
as well as our technicals shows a clear run down from Indicators, Price action and Waves
currently Gold price is hovering at 1341 where 20-SMA, Dynamic resistance and 618 Fib extension indicates
overlay, (Short term trade will be published in update section below)
So, here's our preferences,
(for Long Term Trade)
SELL NOW - 1342
STOP LOSS - 1366.87
TARGET - 1298.51
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Source - General public Information!
SELL NOW - 1344
SL - 1346
TP - 1330
Stay Tight with management
Touched 1344.58 and reversed,
Bear rally in Action
Trade is running good currently at (+60 PIPS) of Profit!
Move your STOP LOSS to Entry point for a (breakeven)
Risk free trade!
TP HIT (+140 PIPS) of Profit!
let us know how much you made in the comment section below,
Don't forgot to hit that LIKE BUTTON!
as per short term bias, gold prices will rise up so why not to close early and reenter at the top (again) :)