safwan_daud

safwan_daud

Gold is making upward trend after breaking 1740 and fly to previous higher high at 1915, and currently going to retest support zone at 1750-1740. After making correction, it is predicted to climb above 1915 and making minor retracement at 1915-1920. As for now, we discuss only what gold has showing us in price action. It will safe to trade short with small lot...

safwan_daud Updated 

Gold is likely to kill most of the aggressive traders in last few days, leaving with confusion on its next path. With the current bearish trend in daily chart, it is public secret when gold is likely to drop more to the bottom of H&S around 1740-1720, as strong demand zone. It will take around one and half week, mostly likely with the announcement of monthly...

safwan_daud

Waiting for confirmation on breakout for pennant pattern, already in motion. Advise to short in demand zone 1705-1700 and could be further to 1690-1685. Pennant pattern is important to determine continuation of bearish trend in our analysis. Kindly comment my idea, would happy to hear your critical analysis. #Safwan Daud Analyst. Commodity trade since 2008