Hello Friends,
So here I analyse the gold from it Strong support. So firstly we've 3bottom support which is surely strong. So at last week gold has hit this support then did correction & finally bounce back into the bull side. For now, gold in doing a small correction which is almost seem to be completed & the major move will be once again bullish as same it did from the support & keep into that trend. Another thing which mostly occur in reversal on gold & the way it make a spike to bounce from the support its the sign its about to make an impulsive move.
According to the D1 chart, gold have some short candles as the insides bar as well as the motherbar so when its done breaking the motherbar & according to price action its the sign to go with which side it'll so here again expected the bulls will be in control.
Lastly, If we go on following the trend between the resistance line & the support area, it have completed the bear structure & its the time of bulls to take control & continue the structure starting from support of bulls.
I HOPE THIS IDEA GIVES YOU SOME KNOWLEDGE ABOUT CURRENT TRADING STRATEGY ON GOLD.
So here I analyse the gold from it Strong support. So firstly we've 3bottom support which is surely strong. So at last week gold has hit this support then did correction & finally bounce back into the bull side. For now, gold in doing a small correction which is almost seem to be completed & the major move will be once again bullish as same it did from the support & keep into that trend. Another thing which mostly occur in reversal on gold & the way it make a spike to bounce from the support its the sign its about to make an impulsive move.
According to the D1 chart, gold have some short candles as the insides bar as well as the motherbar so when its done breaking the motherbar & according to price action its the sign to go with which side it'll so here again expected the bulls will be in control.
Lastly, If we go on following the trend between the resistance line & the support area, it have completed the bear structure & its the time of bulls to take control & continue the structure starting from support of bulls.
I HOPE THIS IDEA GIVES YOU SOME KNOWLEDGE ABOUT CURRENT TRADING STRATEGY ON GOLD.
