According to Technicals in Daily Time frame Gold creates Falling wedge and market
resist again and again 1850 and didnt placed any 4H below 1860.
Yeah these Two levels are too Important 1850 and 1860 to make a
Decision For Buying and selling.
Clues you need for Sell: (WEEKLY)
If Market drop on Monday opening rapidly and break 1860 area
and place 4H below than 70% chances of selling.
But for More confirmation you will wait to break 1850 than 100%.
Goals are: 1838 and 1822
Clues you need For Buy: (WEEKLY)
If market drop on Monday opening gradually and Respect 1860
and returns or creates some consolidation btw opening price
and close above Opening than 50% chances of buying.
But,
Conflict Area: 1880 is a Barrier for Gold where Trendline and 50EMA confluence
with each other if breaks than 100% but still chances of rejection at this Conflict area.
Only enter if it breaks 1880 than 1920 on Radar!
Note: Dont Enter with confirmation and check price action at 1860 area or wait for my recommendation.
resist again and again 1850 and didnt placed any 4H below 1860.
Yeah these Two levels are too Important 1850 and 1860 to make a
Decision For Buying and selling.
Clues you need for Sell: (WEEKLY)
If Market drop on Monday opening rapidly and break 1860 area
and place 4H below than 70% chances of selling.
But for More confirmation you will wait to break 1850 than 100%.
Goals are: 1838 and 1822
Clues you need For Buy: (WEEKLY)
If market drop on Monday opening gradually and Respect 1860
and returns or creates some consolidation btw opening price
and close above Opening than 50% chances of buying.
But,
Conflict Area: 1880 is a Barrier for Gold where Trendline and 50EMA confluence
with each other if breaks than 100% but still chances of rejection at this Conflict area.
Only enter if it breaks 1880 than 1920 on Radar!
Note: Dont Enter with confirmation and check price action at 1860 area or wait for my recommendation.
