Conflict area at 1828 where Falling wedge and Dotted trend lines Intersect each other.
It is a Strong barrier for Gold sellers but we need some clues:
Confirmation: If Current 4H and Daily close above 1836 Important fibo level.
First Target is 1849 (20EMA in 30M) . At this Level market creates its 1st Leg.
(for more confirmation you can Enter from 1 leg)
2nd Target is 1855 (50 EMA in 30M). will show consolidation or 2nd Leg.
Next Targets will be 1868 and 1880 but they need more clues.
Stops should be 1820 and for Holders below 1800 200EMA.
Good Luck!
It is a Strong barrier for Gold sellers but we need some clues:
Confirmation: If Current 4H and Daily close above 1836 Important fibo level.
First Target is 1849 (20EMA in 30M) . At this Level market creates its 1st Leg.
(for more confirmation you can Enter from 1 leg)
2nd Target is 1855 (50 EMA in 30M). will show consolidation or 2nd Leg.
Next Targets will be 1868 and 1880 but they need more clues.
Stops should be 1820 and for Holders below 1800 200EMA.
Good Luck!