DragonCaptain

GOLD TRADERS WAITING TO ENTER IN DEMAND ZONE - IDEA

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold is trading out of the ascending channel and break out of lower trend line working as support. If breaks 1780 then there are chances of big retracement. After hitting 1820 resistance prices pulled back at 1795 the strong support historically. We can see a retracement of prices in 1780 before prices can achieve the 1840 mark in the near term.
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Comments

Hey bro,i’m in a sell position on 1815 do you really think it’s gonna drop at least on short?
Reply
BM28 arminmotahari
@arminmotahari, not before 1861 then 1909
Reply
@BM28, no i don't think this be right we can see a 4h divergence that means it will drop soon
Reply
BM28 arminmotahari
@arminmotahari, let see then :)
Reply
DragonCaptain arminmotahari
@arminmotahari, I will not recommend any short position. only buy positions on pullback and support points. sell can be a trap. use 50 pips stop loss.
Reply
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