GOLD
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β³1 Hour chart
π² Possible entry analysis
β³οΈ Possible bull/bear target
πEducational
βββββ-βοΈββββββ-
Detailed analysis π¬
1οΈβ£ Channel breakout-H1
2οΈβ£ Risk sentiment around the global market
3οΈβ£ Parabolic movement
4οΈβ£ 1900.00 key psychological resistance
5οΈβ£ Approaching towards 1850.00
6οΈβ£ Minor correction expected
7οΈβ£ Technical support - Bear
8οΈβ£ Price is under POC-VOLUME
9οΈβ£ September low-Immediate resistance
π Series of LH LL LH LL patterns
#οΈβ£ Overall bearish trend
βββββ-βοΈββββββ-
π Technical bias-H1
Below 100,200 Exponential moving average
RSI- Bounce from 30 level- Over sold bounce
MACD-Still below the middle line, Red zone territory
Stochastic - Reached 25 level about to cross-Short term bullish trend
βββββ-β³οΈββββββ-
Key reversal area's
1900.00 Key psychological level
1850.00 September month low
1850.00 Previous double bottom area
1932.00 Dynamic support level
1840.00 Key reversal area, Counter trend
1947.00 Point of control
1935.00 October high area
βββββ-β³οΈββββββ-
Bearish entry #Gold
Entry price - 1880.00
Take profit 01 - 1865.00 (150 pips)
Take profit 02 - 1855.00 (250 pips)
Take profit 03 - 1840.00 (400 pips)
π« Stop lose 1893.00 (130 pips)
β¬οΈ 2.24% Drop expected
β€΄οΈ Account growth 0.68 : 2.24
β Risk reward ratio 1 : 3
βββββ-βοΈββββββ-
Push the like button , And cheer up if you found useful
*********
β³1 Hour chart
π² Possible entry analysis
β³οΈ Possible bull/bear target
πEducational
βββββ-βοΈββββββ-
Detailed analysis π¬
1οΈβ£ Channel breakout-H1
2οΈβ£ Risk sentiment around the global market
3οΈβ£ Parabolic movement
4οΈβ£ 1900.00 key psychological resistance
5οΈβ£ Approaching towards 1850.00
6οΈβ£ Minor correction expected
7οΈβ£ Technical support - Bear
8οΈβ£ Price is under POC-VOLUME
9οΈβ£ September low-Immediate resistance
π Series of LH LL LH LL patterns
#οΈβ£ Overall bearish trend
βββββ-βοΈββββββ-
π Technical bias-H1
Below 100,200 Exponential moving average
RSI- Bounce from 30 level- Over sold bounce
MACD-Still below the middle line, Red zone territory
Stochastic - Reached 25 level about to cross-Short term bullish trend
βββββ-β³οΈββββββ-
Key reversal area's
1900.00 Key psychological level
1850.00 September month low
1850.00 Previous double bottom area
1932.00 Dynamic support level
1840.00 Key reversal area, Counter trend
1947.00 Point of control
1935.00 October high area
βββββ-β³οΈββββββ-
Bearish entry #Gold
Entry price - 1880.00
Take profit 01 - 1865.00 (150 pips)
Take profit 02 - 1855.00 (250 pips)
Take profit 03 - 1840.00 (400 pips)
π« Stop lose 1893.00 (130 pips)
β¬οΈ 2.24% Drop expected
β€΄οΈ Account growth 0.68 : 2.24
β Risk reward ratio 1 : 3
βββββ-βοΈββββββ-
Push the like button , And cheer up if you found useful
Trade closed: stop reached