1. Price Levels:
- Current Gold Price: 2040
- Expected New Higher High: 2180-2193
- Resistance Levels: 2124-2115
- Stop Loss (SL): 2011
2. Bullish Sentiment:
- Gold is described as "very strong bullish," indicating a positive outlook on its price movement.
3. Technical Analysis:
- Demand Zone: 2180-2193 is identified as a demand zone, suggesting potential buying interest in that price range.
- Resistance Levels: 2124-2115 are noted as resistance levels, indicating areas where selling pressure may increase.
- Stop Loss (SL): 2111 is suggested as a stop-loss level, indicating a point at which traders may consider exiting their positions to limit potential losses.
4. Market Outlook:
- The overall analysis suggests a bullish stance on gold, with expectations of continued upward movement towards new higher highs.
5. Risk Management:
- The inclusion of a stop-loss level (2111) emphasizes the importance of risk management in trading, ensuring that potential losses are limited in case the market moves against the expected direction.
- Current Gold Price: 2040
- Expected New Higher High: 2180-2193
- Resistance Levels: 2124-2115
- Stop Loss (SL): 2011
2. Bullish Sentiment:
- Gold is described as "very strong bullish," indicating a positive outlook on its price movement.
3. Technical Analysis:
- Demand Zone: 2180-2193 is identified as a demand zone, suggesting potential buying interest in that price range.
- Resistance Levels: 2124-2115 are noted as resistance levels, indicating areas where selling pressure may increase.
- Stop Loss (SL): 2111 is suggested as a stop-loss level, indicating a point at which traders may consider exiting their positions to limit potential losses.
4. Market Outlook:
- The overall analysis suggests a bullish stance on gold, with expectations of continued upward movement towards new higher highs.
5. Risk Management:
- The inclusion of a stop-loss level (2111) emphasizes the importance of risk management in trading, ensuring that potential losses are limited in case the market moves against the expected direction.
Trade active:
gold buy running 120+pips
Trade active:
210+pips running profit
Trade closed: target reached:
530=pips done
please LIKE SUPPORT AND FOLLOW THANK YOU
please LIKE SUPPORT AND FOLLOW THANK YOU