Gold had break out of the double bottom on 4 hour. Still showing some rejection but haven't show a bullish signals yet.
What we can see the height of double bottom, may can reach 1500.
We need to concern about tomorrow NFP data release when trading gold.
For today intraday,
would suggest take a long bias at 1472-1474
Target 1480, Defend level 1465
Even had already reach those level mention, still need to wait for comfirmation for entry.
For the one who are going for swing or long term, could go for a long bias,
SL : 1460
TP : 1505
Risk: Reward : 1:2
*I would say my forecast on gold is bullish, but market is going with it own way, just try to forecast it
As we know that there is no guarantee in the market, so the current analysis is just based on current market condition. Market would change anytime.
*This is not a signals, is just predict the next move of the market.This strategy will have change.
A Better Analysis will improve your trading result
What we can see the height of double bottom, may can reach 1500.
We need to concern about tomorrow NFP data release when trading gold.
For today intraday,
would suggest take a long bias at 1472-1474
Target 1480, Defend level 1465
Even had already reach those level mention, still need to wait for comfirmation for entry.
For the one who are going for swing or long term, could go for a long bias,
SL : 1460
TP : 1505
Risk: Reward : 1:2
*I would say my forecast on gold is bullish, but market is going with it own way, just try to forecast it
As we know that there is no guarantee in the market, so the current analysis is just based on current market condition. Market would change anytime.
*This is not a signals, is just predict the next move of the market.This strategy will have change.
A Better Analysis will improve your trading result
