based on previous triple top monthly if bullish possible to break out and target 2200-2500
but it need to break some resistance I will show it later
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weekly need 1978 retest to make bullish trend again but can still drop to 184x-186x zone
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daily need 1940 retest to start bullish trend
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4h need 1937 retest to start long term bullish signal
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the conclusion still possible drop to 184x-186x with bullish signal 1937 / 1940 / 1978 retest needed to create bullish signal to 2200-2500
next analyze previous triple top
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weekly 1314 resistance broken
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daily 1296 broken
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1280 resistance broken
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note: the previous triple top backtest based on weekly, daily and 4h show that bullish signal needed with resistance break out
so it's not valid yet the conclusion still same the conclusion still possible drop to 184x-186x with bullish signal 1937(4h) / 1940(daily) / 1978(weekly) retest needed to create bullish signal to 2200-2500
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4H proved breakout
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quite crazy how a bear trap could make bullish break out signal come faster than breaking 1940 resistance on daily
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use replay when reversal indeed it bullish signal based on reversal
@vjvijay88, it's risk management, to know what happen if gold retest 1937(4h resistance) , 1940 (daily) and 1978 (weekly) it's still not happening, just an analysis, psychologically 1895 really good buy since there no need to panic if gold drop to 1906, but long from 1911 risk a loss if gold drop to 1906 carefull