Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
As yesterday I gave update on GOLD that it is moving sideway and will have a strong move in middle of this week, might be tomorrow or day after tomorrow. Till that time a short sell setup has there where you can make a good profit. Although GOLD went high move 1766.91 in sideway.
Place your order according to your risk. If it moves above 1768 then we may see...
If you would follow my last idea about gold, you would find out that I had predicted that Gold will break the triangle downward. It happened and now the most trusted price I'll take a buy position is 1775.
The market price now at my magic setup area. This is H4 setup entry and with range of 200 pips entry area, I will stay alert with money management.
I will set my sell tp and looking forward to analyse H4 price action.
I will update time to time.
Right Now Gold is Making Lower Highs .....and Moving in Falling Wedge Chart Pattern..... If Gold Break Below The Lower Wedge Line / Up-Trend Line Then It Will Hit 1753 Level and if It Break Above The Down Trend Line Then It Will Hit 1811 Level
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GOLD has created a bull flag on the lower timeframe and it is highly likely that gold will have a breakout to the upside.
it is likely this instrument will touch the monthly fibonacci 38.1% @1815.00 at least.
Welcome back Traders, Investors, and Community!
Hi Traders, Gold has formed a Symmetrical Triangle after the breakout of the major Resistance with a big red candle which is a sign of continuation to lower levels. The closest Pullback area above the triangle would be 1767.95 however it is very unlikely that the price goes up...
Gold i am looking as per Gann & astro analysis saying, 1850 is strong support.
193--1960 range we are expected before 21st june. aound 22nd onwards we can see some profit booking,
so now we have to keep buy on dip til 21st june ...
Thanks & Regards