SyedZiyad

SyedZiyad

Downtrend channel still intact and Market making lower high with support around 1722. if this Pattern continue than it is possible that gold may retest 1730 which will be our TP level. if the trend line break and candle take support at 1808 than this idea will become invalid. take sell position after seeing rejection at H1

SyedZiyad

Technically expect retracement with OIL at overbought situation on daily chart and GAP between from its 50 and 200 MA

SyedZiyad

Gold continue taking resistance at 1770 and short position taken on the basis of pull back from downtrend line with a target at it support area