GOLD is close to Strong Resistance level, will fall to $1625...
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GOLD Update..
The price is close to strong support/resistance level,there is chance that price might fall to $1625 level atleast,wait for the price to reach the level and if price gives any bearish signal,look for Sell opportunity.In case,If price don't give any bearish signal and continue it's bullish move then dont take the entry and wait for another opportunity..
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 1hr timeframe for confirmation to SELL..
Trade it with proper Sl..
Take entry only after price gives bearish signals..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
GOLD Update..
The price is close to strong support/resistance level,there is chance that price might fall to $1625 level atleast,wait for the price to reach the level and if price gives any bearish signal,look for Sell opportunity.In case,If price don't give any bearish signal and continue it's bullish move then dont take the entry and wait for another opportunity..
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 1hr timeframe for confirmation to SELL..
Trade it with proper Sl..
Take entry only after price gives bearish signals..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Comment:
If price breaks the trendline then we can look for sell after a pullback
Comment:
If price holds the trendline then we can look for Sell if price gives any bearish signal at the resistance..