Hello traders! Last Month was really amazing for gold as we achieved 1200 pips from Gold. I am looking forward to book more profit in Gold than my previous month.
Gold is at the support after breaking the support it will find its support @1932 and will retest 1942. When its going to retest we will add one more sell in Gold. Our Target is same which is 1892....
Last week gold break throught into a new zone 1820.00 . Price is making a retracement right now grabing some liquidity to push further more to 1838.00 maybe this week or next week.
I like to see in gold for buy opportunities . Anyway in analys i marked my zones that can help me during week for any good trade
Gold is still playing like a good boy.
First side wise movement up-to 1750 region has been done. some selling trade closed on last week .
Now, I am expecting some movement to 1760 and if not break then 1800 region.
Setting up few short sell set up at 1772 region already with adequate equity backup with a target 1760 for now.
Gold prices moved higher testing trend line resistance near 1745. 1st support on the yellow metal is seen near the 10-day moving average at 1725. 2nd support is seen near the 50-day moving average in 1716. Short term momentum has turned positive. Medium-term momentum if flat but turning positive, which points to higher prices movement.