Hello friends,
Here is my Analysis on GOld in which i have mentioned both the bulls & bears turns. So firstly we talk about bulls as after rejection ofcourse it will be bullish to take control. For bulls we have the area 1790-1796 approx as correction & above it we can go long on gold till 1850 approx. As we see how the gold falls for bearish but make some spikes & tails which rejected from support area not to let it go down, get into pull back approx 1710 area. So after these rejection i'm considering 1850 as long term trading.
Secondly, we have bearish pattern as H&S occurs which means if it break that 1790s zone we definitely have the long term on H & S pattern almost to 1760s where it probably take some rest of its pattern for the next move. So, the area below 1790s breakage is considered as bears in control & we are ready to go on bear till 1760s zone.
well all the focus is on Bulls from 1797.
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!
[/b]P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
Here is my Analysis on GOld in which i have mentioned both the bulls & bears turns. So firstly we talk about bulls as after rejection ofcourse it will be bullish to take control. For bulls we have the area 1790-1796 approx as correction & above it we can go long on gold till 1850 approx. As we see how the gold falls for bearish but make some spikes & tails which rejected from support area not to let it go down, get into pull back approx 1710 area. So after these rejection i'm considering 1850 as long term trading.
Secondly, we have bearish pattern as H&S occurs which means if it break that 1790s zone we definitely have the long term on H & S pattern almost to 1760s where it probably take some rest of its pattern for the next move. So, the area below 1790s breakage is considered as bears in control & we are ready to go on bear till 1760s zone.
well all the focus is on Bulls from 1797.
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!
[/b]P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
