Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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GOLD ROAD TO 2500!! 📚
👉Price of gold has been overall bullish from a long-term perspective, trading inside the outer orange rising broadening wedge pattern.
👉Meanwhile, from a medium-term perspective, price is still overall bullish as well, trading inside this red channel, then we can still trade higher to be approaching our upper massive zone.
Our upper resistance zone is defined by the significant psychological level of 2500, which lining up with the upper boundary of our price channels. This confluence can act as a potential overbought area, where we will be 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 ROAD TO 2500!! 📚
👉Price of gold has been overall bullish from a long-term perspective, trading inside the outer orange rising broadening wedge pattern.
👉Meanwhile, from a medium-term perspective, price is still overall bullish as well, trading inside this red channel, then we can still trade higher to be approaching our upper massive zone.
Our upper resistance zone is defined by the significant psychological level of 2500, which lining up with the upper boundary of our price channels. This confluence can act as a potential overbought area, where we will be 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!