Gold touched 2195$ and then dropped, price have ranged between 2150 to 2170, in our latest bias; we observe a huge volume of sellers entering in the market. Which is why we think selling in the current market condition can give us an excellent opportunity for 'swing selling'.
Use accurate risk management which is demonstrated in the chart use the red lines for entry and exit and use the arrow for take profit. Total of 800 pips that we are targeting, however we advise to close the trade when you are satisfied with it. Good Luck and Trade Safe.
Please like and comment our ideas which will gives us encouragement to publish more educational chart analysis.
not sure on this right now I see gold creating a flag pattern. the same kind I called on bitcoin on the 3rd of march before all new highs. 2174 is the area to watch if we break that and theres stability above it we could potentially be looking at a higher all time high.
Setupsfx_
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@samstoobad currently 180+ pips, dropping well and smooth. we will keep you updated.
samstoobad
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@Setupsfx_ agreed this was the move from inside the flag patten from 2171 its now entering 2154 area where will bounce back up. trend follows flag pattern and support.
samstoobad
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samstoobad
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back to update. successful excuted the flag pattern and perfect buy area up to new highs. watch a retracement to 2176 before golds new records.
CRYPTO_SETUP
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I do not think that gold will continue in light of the geopolitical changes. It may be a correction now, but it will not reach 800 points, maybe 100 or 200.