Weekley analysis on gold.
we have two scenarios on gold.
Our key level is 1880,92 area.
1st scenario Is market rollback from our key level for retracment to 1745 and 1735 ( 50% and 61.8% of current bullish trend) for retracment and continue bullish trend for 1850 and more upper levels.
In this case we buy from 1745,35 and hold our trades for target's that mentioned.
2nd scenario market break 1780,92 area and test it as a support and continue bullish trend.
In this case we wait for break and test 1780 as a support then we buy from 1780 and target's are same 1850 and more upper levels.
Must use SL.
Stay blessed
we have two scenarios on gold.
Our key level is 1880,92 area.
1st scenario Is market rollback from our key level for retracment to 1745 and 1735 ( 50% and 61.8% of current bullish trend) for retracment and continue bullish trend for 1850 and more upper levels.
In this case we buy from 1745,35 and hold our trades for target's that mentioned.
2nd scenario market break 1780,92 area and test it as a support and continue bullish trend.
In this case we wait for break and test 1780 as a support then we buy from 1780 and target's are same 1850 and more upper levels.
Must use SL.
Stay blessed