This week will probably lead to a break above 4040 for the bulls to push price up, but we could see a range again anywhere between 4130 and 4350, so we are likely going to see,
a sell from 4005-4010 so if you are trading you can set sl around 4020 and tp at 3980/70 and a buy anywhere within the circle/sphere, the sell could reach even 3950/40 but I don't believe it will go below 3930/20 because if it closes below 3930/20 then chances of it selling more will be high but looking at how price has been rejected several times and how the candles closed, the probability of gold selling more is very low so,
we will sell first at 4005-10 with sl at 4020, any moment after market open and target a buy anywhere in the circle after a confirmation on some time frames.
a sell from 4005-4010 so if you are trading you can set sl around 4020 and tp at 3980/70 and a buy anywhere within the circle/sphere, the sell could reach even 3950/40 but I don't believe it will go below 3930/20 because if it closes below 3930/20 then chances of it selling more will be high but looking at how price has been rejected several times and how the candles closed, the probability of gold selling more is very low so,
we will sell first at 4005-10 with sl at 4020, any moment after market open and target a buy anywhere in the circle after a confirmation on some time frames.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.