ElenaMayi

GOLD 4H (Downtrend)

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
GOLD

Analyze

like we said from the previous idea the gold try to test again an important and decisive support for the trading which is to the level 1999 and breached

reminding you that the stabilized under 1988 will push the price to continue the bearish and will start negative attemptes to reach 1972 , 1961 and 1954

as for renewing bullish attempts , this requires the price to form a strong bullish impulse to settle through it above 1999, to confirm its restoration of the bullish tendency and reach towards the positive stations, initially stationed at 2011 and 2024.

the expected trading range for today is between the support line 1972 and resistance line 1988
support line : 1972 , 1961 , 1954
resistance line : 1988 , 1999 , 2011

Downtrend

TP : 1980 = 90 pip
TP: 1972 = 170 pip
TP: 1961 = 280 pip
Exit position : 1995 = 60 pip
low risk

about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%

with best learning

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