Gold pullback idea, will it rebound to 1920?
Hello traders, previously, I had recommended selling Gold at the 1940-1950
level. As expected, Gold fell heavily after FOMCH which I already predicted.
📌Currently, the price of Gold is around 1875 level.
📌Yesterday, the bearish impulse was so strong that buying Gold looks very
risky now.
📌That being said, a pullback to 1900 or 1920 can not be ruled out. If the level
at 1870-1875 holds and multiple bullish candlesticks form at this level, then we
can consider buy Gold with a tight SL and TP at 1900, 1920.
level. As expected, Gold fell heavily after FOMCH which I already predicted.
📌Currently, the price of Gold is around 1875 level.
📌Yesterday, the bearish impulse was so strong that buying Gold looks very
risky now.
📌That being said, a pullback to 1900 or 1920 can not be ruled out. If the level
at 1870-1875 holds and multiple bullish candlesticks form at this level, then we
can consider buy Gold with a tight SL and TP at 1900, 1920.
Comment:
Remember, buy trades will be considered only if we see bullish price action at the 1870-1875 zone.
Comment:
So far the zone is holding
Order cancelled:
Price has fallen below my desired zone, this set-up is now invalid
