Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
GOLD BEAST MODE. 📚
👉As we can see price is still overall bullish trading inside this channel, especially after breaking above our previous neckline major highs.
👉Meanwhile, and for now we are sitting around our upper bound of this channel acting as an over-bought zone, as the price is respecting our upper bound quite good, Where we can expect a correction movement, Moreover, we do have a nice-looking demand zone, where we can start looking for new longs from a short-term perspective on lower time frame.
👉Unless price managed to break below our demand zone, and traded again lower, till 2200-2160, Then we will be looking for new longs as a trend-following buy setups on lower time frame, as the price will be sitting around a new demand zone, lining up with our rising trendline.
👉2 scenario: price can still trade higher in a flat move to be approaching our massive psychological level 2500, lining up with our upper bound of this channel, where we will be interested in looking for new shorts as a correction movement.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
GOLD BEAST MODE. 📚
👉As we can see price is still overall bullish trading inside this channel, especially after breaking above our previous neckline major highs.
👉Meanwhile, and for now we are sitting around our upper bound of this channel acting as an over-bought zone, as the price is respecting our upper bound quite good, Where we can expect a correction movement, Moreover, we do have a nice-looking demand zone, where we can start looking for new longs from a short-term perspective on lower time frame.
👉Unless price managed to break below our demand zone, and traded again lower, till 2200-2160, Then we will be looking for new longs as a trend-following buy setups on lower time frame, as the price will be sitting around a new demand zone, lining up with our rising trendline.
👉2 scenario: price can still trade higher in a flat move to be approaching our massive psychological level 2500, lining up with our upper bound of this channel, where we will be interested in looking for new shorts as a correction movement.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!