New week, New Opportunities... We've got a great call for you guys on GOLD!
GOLD has the potential to fall 150 pips. There's a lot more going on behind the scenes but to keep this shorts and simple -
Gold Reached the highs of 1325.00 and rejected this key level. We saw some sellers come into the market breaking the ascending trend line which pushed price down to the support of 1309.00.
Price has now pulled back from this region and is being held at the 1316.00 resistance. This gives us and opportunity to sell this pair lower.
Looking at 4hour Time frame, the 1316.00 is a great place to sell this pair if we see price show us bearish signs and reject this area. Our targets are marked on the charts at significant supportive regions.
Our first barrier to break is the 1309.00 support, if we manage to surpass this region we can head a lot lower to our ultimate target 1300.00.
What will invalidate our bearish bias? If GOLD manages to take out the higher resistance of 1320.00 than this will invalid our Trade..
Happy Trading.
Follow Us For More Updates & Great Analysis
Instagram: @levitationfx
Published by Qasim - @official_qh
GOLD has the potential to fall 150 pips. There's a lot more going on behind the scenes but to keep this shorts and simple -
Gold Reached the highs of 1325.00 and rejected this key level. We saw some sellers come into the market breaking the ascending trend line which pushed price down to the support of 1309.00.
Price has now pulled back from this region and is being held at the 1316.00 resistance. This gives us and opportunity to sell this pair lower.
Looking at 4hour Time frame, the 1316.00 is a great place to sell this pair if we see price show us bearish signs and reject this area. Our targets are marked on the charts at significant supportive regions.
Our first barrier to break is the 1309.00 support, if we manage to surpass this region we can head a lot lower to our ultimate target 1300.00.
What will invalidate our bearish bias? If GOLD manages to take out the higher resistance of 1320.00 than this will invalid our Trade..
Happy Trading.
Follow Us For More Updates & Great Analysis
Instagram: @levitationfx
Published by Qasim - @official_qh