Hi Friends,
In this Analysis i've mention the bulls side into control of market. So firstly in the history it is clear, it was bullish after correction & same in case here the way its make a bearish strong candle & get into correction & didn't keep the bearish trend after that candle so definitely its rejection to the bears. So same it rejects that area for being bearish it'll be bullish by V-shape formation which we can take as the swing trade for long time period. So the area 1795-1805 is recommendable for bull trading from where it'll rejects according to analysis & is also the best entry point. Whereas the area 1832 approx is the resistance for current trend which will be traded on the condition that it breaks as real or a fake design.
Also for Bearish as a chance for H & S pattern, approx 1770 is likely to hit difficultly.
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.
In this Analysis i've mention the bulls side into control of market. So firstly in the history it is clear, it was bullish after correction & same in case here the way its make a bearish strong candle & get into correction & didn't keep the bearish trend after that candle so definitely its rejection to the bears. So same it rejects that area for being bearish it'll be bullish by V-shape formation which we can take as the swing trade for long time period. So the area 1795-1805 is recommendable for bull trading from where it'll rejects according to analysis & is also the best entry point. Whereas the area 1832 approx is the resistance for current trend which will be traded on the condition that it breaks as real or a fake design.
Also for Bearish as a chance for H & S pattern, approx 1770 is likely to hit difficultly.
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.
