On monthly and weekly time frame price is bearish but the overall direction is bullish and the price rn is on a major support level the price got rejected 3 times so far cus of the high demand so I’m expecting it to reverse to the upside.
The daily price is not breaking the previous LL and it just gave me an L so this is another confirmation that the price is...
I decided to take advantage of the possibility of a fake-out of this zone where lot of traders that went short will likely be trapped.
Let see if this GOLD trade will work out
GOLD IS SELL INTRADAY TILL 1760 OR BUY ABOVE 1784.
This is not financial advice. It is just an idea, Price can go in the opposite direction. So please manage your risk accordingly. Do not risk more than 1%.
GOLD long time fame create bearish butterfly pattern. So,now
its seems to sell correction 1765.300 support zone then buy up.
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair...
Hello Traders!
Gold can hit Monthly Pivot (1721) if it breaks then it will be a long position to 1758.
Otherwise, it can retest from 1700 to 1683(monthly support) respectively.
Good luck to you.
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Best
